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Case Study: Lendwise Capital Ltd cuts loan time-to-offer from 5 days to 4 hours with Nexcode
A Nexcode Case Study
Lendwise Capital Ltd cuts loan time-to-offer from 5 days to 4 hours with Nexcode
Lendwise Capital Ltd, a UK alternative lender, was processing £40 million per month through a manual system of spreadsheets and email chains. Facing tightening FCA regulatory requirements and an upcoming audit, they needed a compliant loan origination system built quickly. They engaged Nexcode to develop a solution.
Nexcode implemented a Python and Django-based system that automated credit checks and integrated with major data sources like Experian. This solution cut the time-to-offer from five days to just four hours and ensured full FCA compliance, passing the next audit with zero findings. The new system also allowed Lendwise to increase its monthly processing volume to £68 million with the same team.
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