#LendTech / Wolters Kluwer snaps up cloud-based lender eOrignal for €231m

The US-Dutch acquirer wants to extend its lending compliance solutions in the US, from document generation and analytics to digital loan closing and storage adjacency.

The buyer will purchase eOriginal’s parent company, Paperless Transaction Management, as part of the deal. Its subsidiary has some 100 employees.

“The acquisition positions us as the leading provider of digital lending solutions,” says Steven Meirink, EVP and GM at Wolters Kluwer’s Governance, Risk and Compliance (GRC), “spanning all workflows from loan approval, to document preparation and closing, with compliance certainty.”

… According to the soon-to-be-acquired firm’s website, it works with the likes of US Bank, fintech lender SoFi, and Ally Bank… Its platform allows these customers to create, store and manage digital assets from close through to the secondary loan market.