New industry experts on executive team broadens addressable market

Working capital finance software provider, HPD LendScape, has acquired leading 
software implementation consultancy, Finaptix, in a move to address the asset 
finance sector, extending its LendScapeO platform to all forms of secured 
lending.

The deal adds industry experts Steve Taplin and Michael Mayes to the executive 
team that includes Kevin Day, CEO, along with Andrea Cole, previously Product 
Director of LendScapeO. Together they will support the company's further 
expansion and rounds off a year which saw personnel increase by 19%.

HPD LendScape is set to be the first technology vendor to deliver a combined 
solution for asset based lending, working capital finance and now also 
commercial and consumer lending, including equipment and auto finance. The 
LendScapeO SaaS proposition is easy to deploy and clients can access new expert 
consulting to make implementations fast, efficient and cost effective.

The new team brings the sales, operational and technology experience needed to 
meet increasing demand from banks, which favour enabling software platform 
providers over off-the-shelf products to meet their wider finance market needs. 

Tony Davison, Chairman of HPD LendScape commented: "We have the right team to 
accelerate international expansion and are well positioned to enter and service 
two of the most profitable markets in the secured lending space." 

Kevin Day, CEO of HPD LendScape said:  "This equips HPD LendScape with the 
technological advantage to deliver a broader platform offering to that of our 
competitors in both existing and new markets. I look forward to working with 
Steve and Mike and leverage their significant experience to help scale the 
company."

Steve Taplin added: "We recognised that the company had ambitions in a number 
of business lines and with our specific expertise, we could help build a 
compelling proposition to financial institutions tapping into a broader market."

HPD LendScape
HPD LendScape is the global software vendor for Asset Based Finance used by 130 
lenders across the UK, EMEA, North America, APAC, and Sub-Saharan Africa. 
LendScape offers cloud-based working capital solutions including factoring, 
discounting, supply chain finance and asset based lending.

Finaptix
Finaptix advises on implementing and operating software systems including 
digital strategy, system selection, technical delivery, change management and 
ongoing support. The team are experts in equipment and auto finance, and have 
significant experience in loans & mortgages, credit cards, invoice factoring 
and banking.

Source: HPD LendScape