LendingMetrics, a credit risk technology firm, has received a substantial investment from private equity investor LDC, part of Lloyds Banking Group. Established in 2010, LendingMetrics provides advanced software and data solutions that assist various financial institutions, including building societies and online lenders, in making automated and risk-based lending decisions.

The company’s offerings include the Auto Decision Platform (ADP), LendingMetrics Exchange (LMX) for multi-bureau credit referencing, OpenBankVision (OBV) for real-time affordability assessments, and DeeJoop, a tool for credit data deduplication. This investment will support LendingMetrics in enhancing product development and expanding its consultancy and data services network.

LDC's backing will also allow LendingMetrics to pursue complementary acquisitions and broaden its reach into industries facing similar credit risk challenges, such as telecommunications, utilities, and insurance. CEO Neil Williams expressed pride in the company's achievements and emphasized the importance of LDC's support for future growth, particularly in research and development.

Williams highlighted the established success of products like ADP and the innovative nature of DeeJoop, aiming to extend their suite of risk solutions while maintaining their commitment to client service. LDC’s investment director, Oliver Schofield, praised LendingMetrics for its sophisticated technology stack and its role as a trusted partner in the credit risk sector.

The transaction is pending approval from the Financial Conduct Authority (FCA).