Independent asset finance funder Rivers Leasing, and lease, loan and asset finance software solutions provider LTi Technology Solutions (LTi), have announced a partnership designed to provide small lenders with a platform that enables them to book deals and scale their businesses effectively. The partnership will allow clients to begin booking deals, using the dedicated platform, within 45 days of implementation, and businesses can scale as they grow without re-platforming.
Ratan Daryani, chairman of Rivers Finance Group said: “We have found LTi to be the best partner for us and our clients. Their platform allows for fast implementation at a reasonable cost, both of which are critically important for small lenders to start booking business and ensuring profitability along with necessary reporting capabilities.”
Rivers Leasing is a niche asset finance funder with a dedicated team that is exclusively involved in running its own book. The company specialises in providing lease and asset finance to businesses and organisations in all industry sectors, concentrating on lease values between £2,000 and £75,000, and in 2022 extended its scope by introducing an incubator block discounting service designed to support small, new and existing lenders by providing financing facilities of up to £250,000.
US-headquartered LTi has launched ASPIRE Express, a pre-configured servicing platform for startup organisations that will allow ease of block funding management from Rivers Leasing. This secure SaaS solution provides the ability to book and service lease and loan contracts quickly with a low cost of entry.
Robert Taylor, UK country director of LTi, said: “We are very excited to offer this pre-configured solution that will allow Rivers clients to originate broker and own-book deals. ASPIRE Express will be a game changer for these organisations that need to grow, but also be cost-conscious. We provide this solution with no up-front fees, and a low monthly payment to allow immediate ROI for these organisations.”
