Irish banking-as-a-platform innovator Leveris announced a strategic investment from Link Asset Services late last week. The amount of the investment was undisclosed, and adds to the $34.3 million (€30 million) in capital the company raised to date.
Leveris founder and CEO Conor Fennelly highlighted Link Group as the leading independent European debt servicer with “deep knowledge of the lending and loan administration industry.” Fennelly added that the two firms “share(d) a common vision” in helping FIs use innovative technology to “evolve(e) banking into a simpler, more personal experience for everyone.”
The new partnership gives Link Group access to a platform that will enable it to grow its banking and credit management business. Specifically, the company plans to use the platform to take advantage of what Robbie Hughes, CEO of Business & Credit Management at Link Asset Services, called “the broader banking universe” made accessible by new technologies. “The Leveris platform delivers enhanced user experiences without complexity, simply and efficiently,” Hughes said.
Leveris’ modular, platform combines full-service, digital retail banking functionality – including deposit-taking and card issuance – with a lending solution. With a fully-integrated back-end, middleware, and front-end, and built using open standards, APIs and protocols, the solution makes it easy for FIs to integrate with third party apps and services. Leveris’ platform serves the needs of both traditional and challenger banks, as well as mortgage, personal, SME, and auto finance lending firms.
Founded in 2014, Leveris demonstrated its Leveris Lending solution at FinovateEurope 2017. In June, the company reported that it was “deep into a pan-European digital retail bank implementation,” having just “delivered a completely digital mortgage solution for a large BPO in the Benlux region”. This spring, the company announced an integration with P2P investment platform, Bondster Marketplace.
Named to the FinTech 100, and honored by the Irish Fintech Awards last fall, Leveris is headquartered in Dublin, Ireland. The company maintains research capabilities in the Czech Republic and Belarus.