LendingMetrics has secured investment from LDC, the private equity investor which is part of Lloyds Banking Group.

LDC is backing LendingMetrics’ management team, led by co-founders chief executive officer Neil Williams and commercial director David Wylie.

The undisclosed investment and strategic support will help the business with product development within its core financial services sector and expand its network of partners in its consultancy and data services division.

The transaction was led by LDC investment director Oliver Schofield, investment manager Vera Kuehne and partner and head of region Dewi Hughes.

LendingMetrics’ software and data solutions are aimed at building societies, online lenders, mortgage companies, credit card providers and commercial lenders.

LendingMetrics Williams says: “We’re extremely proud of what we’ve achieved in the last 14 years, the fantastic team we have built and of the great partnership we have fostered with many clients and partners who have been part of our journey so far. With the support of LDC we can invest for further growth, especially in our R&D team.”