Equiniti unites trio of businesses under new lendtech brand, Lenvi
UK-based Equiniti has unveiled Lenvi, a lendtech that specialises in business-to-business (B2B) consumer and commercial lending software and solutions, formed via a combination of Equiniti’s EQ Credit Services, EQ Riskfactor, and EQ KYC Solutions.
Lenvi, a new name in UK lendtech
Lenvi boasts a team of 320 people and provides loan and risk management software, mortgage and loan servicing, standby servicing, and know your customer (KYC) services.
Its clients include UK banks Santander, Barclays, and Metro Bank, and insurance company Admiral.
The company will be led by fintech veteran CEO Richard Carter, founder of Nostrum Group, which was acquired be Equiniti in 2017. Since then, he’s been with EQ Credit Services, most recently as chief executive.
“We have big ambitions to help our customers revolutionise lending,” he states.
The company has launched its “newly formulated” loan management offering, which it claims to be “the only one of its kind in the market”. According to Lenvi, the solution “uses an augmentation layer and configurable technology so clients can make rapid changes in-platform, Kubernetes for scaling faster, and containerisation for faster deployment”.
Richard Carter, CEO of Lenvi
The leadership team also includes:
- Tom Martin, chief technology officer (CTO). Martin joins from Everyday Loans, where he was CTO for nearly four years. Prior to that, he spent six years at EQ Credit Services in various tech roles, including head of technology.
- Cassie Stephenson, chief operating officer (COO). Stephenson’s experience includes being part of the original start-up team for UK challenger bank Atom. Most recently, she was COO at EQ Credit Services.
- Mike Stock, director of transformation and change. He was previously with EQ Riskfactor in a similar role for around four years. Prior to that, he spent nearly 13 years at ABN Amro in various roles.
Founded in 2007, Equiniti has grown over the years via mergers and acquisitions (M&A). In 2016, it bought Risk Factor and KYCNet; in 2015, it purchased Transglobal Payment Solutions; lending software provider Pancredit was bought in 2014; and investment system supplier Peterevans was acquired in 2012.
