Lenvi reveals 19% revenue growth in first year
Lenvi, the leading lending software and solutions provider, has announced 19% revenue growth in its first year of operations.
The 12 month growth was driven by securing 25 new customers, and covering £90bn in assets.
New customers include major financial institutions BNP Paribas, Banc and Octopus to add to its already impressive portfolio which includes household names Santander, Barclays, Metro Bank, Virgin Media/O2 and Admiral.
Lenvi, which brought together EQ Credit Services, EQ RiskFactor and EQ KYC Solutions into a single entity used its newfound agility to drive rapid innovation, with 45 product releases and investing millions and 4,400 hours in product development.
Lenvi has also established leading credibility in the risk management field through its risk management software Riskfactor, now holding over 90% of market share.
To support its growth, Lenvi has grown its team by 70% in just 12 months, including the launch of a new contact centre in Cardiff, which has answered over 200,000 customer calls, and helped over 12,000 Help to Buy customers to pay off their loans. Lenvi has also invested heavily in learning with 5,227 hours of development time across all teams.
Richard Carter, CEO, Lenvi said: “Looking back at our first year, we have achieved what we set out to do. We built Lenvi upon decades of industry-leading, global insight and hands-on experience, with the goal of supporting agile and forward-thinking delivery of lending solutions. It’s important to us that we are making a tangible impact for customers, and we have proven in our first year that we can do just that.
“The continued growth of our fantastic team, industry-leading product offerings and support for customers is at the heart of our plans. We have big ambitions for our second year to help our customers revolutionise lending, including launching some new AI-based products that are ready to be rolled out to new customers. After a fantastic start to our journey as Lenvi, we are excited to see what the future has in store.”
