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Paris-based fintech firm Linedata has acquired French commercial finance start-up Loansquare.
Editor at Credit Strategy. Previously held roles at Accountancy Age, Accountancy Daily and the Leicester Mercury.
Loansquare provides a platform for setting up and managing commercial loans and streamlining exchanges between borrowers and financial institutions.
Its portal for borrowers allows institutions to expose their financing needs to lenders and manage their loan portfolio. Conversely, its servicing portal lets lenders manage financial flows and commitments in a fully automated and secure manner.
The platform also offers diary, messaging and document management features.
François Lévy, Loansquare chief executive said: “Companies are constantly searching for digital solutions to manage their operations simply and efficiently. The complementarities between the Linedata and Loansquare platforms enables us to satisfy this need in a truly innovative way, connecting banks and borrowers with the same user experience and standards demanded by consumers in their dealings with institutions."
Loansquare now integrates with Linedata’s Uniloan360 service, a platform for commercial and syndicated loans; Linedata Capitalstream, a global commercial loans origination and risk management platform; and Linedata Ekip360, a global leasing, car finance and consumer loans solution.
Alain Mattei, head of lending and leasing in Europe at Linedata, said: "The Loansquare platform enables us to deliver innovative solutions in all our markets, in North America, Europe, Latin America and Africa, that support our clients in the transformation of their business models."
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