PlaceTech Leverton targets loan market with 8G Capital Partners

The AI-powered document and data abstraction company has announced it is entering the Non-Performing Loan (NPL) market, though a partnership with 8G Capital Partners. Leverton will support both buyers and sellers of NPL portfolios, using artificial intelligence to conduct due diligence and closing transactions, as well as post-acquisition portfolio management. NPL transactions are highly complex and involve myriads of documents, ranging from loan agreements to security documents and collateral documentation such as title deeds, planning permits, plans. However, many transactions are still being brought to the market without complete knowledge of what each portfolio entails. Leverton said its deep learning technology can be trained to automatically identify and extract relevant information from various types of documents and contracts including loan agreements and collateral documents in over 30 languages.