Linedata announced the acquisition of start-up Loansquare, which has a portal that digitalizes relationships between borrowers and lenders. The Loansquare platform sets up and manages commercial loans and streamlines exchanges between borrowers and financial institutions. Financial details were not disclosed.
Loansquare interoperates with Linedata Uniloan360, a servicing 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. Markets include North America, Europe, Latin America and Africa.
Headquartered in France, Linedata achieved revenues of €179 million ($205mn) in 2017 and is listed on Euronext Paris.
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