Leading FinTech company delivers record total contract value in 2023, record sales and EBITDA, and single largest contract in company history.
Ladonware outlines expansion plans, which include key hiring and technology product investments for 2024 and beyond.
BOCA RATON, Fla.-- Black Dragon Capital’s portfolio company, Ladonware, a leading FinTech Company, recently announced record growth in 2023 with record contracts and sales. Ladonware’s advanced comprehensive banking technology suite, commitment to service and trusted brand has led to surging results and will allow the company to continue to partner with leading financial institutions throughout Latin America and the Caribbean.
Ladonware delivered the following record financial results in 2023:
- Total new contract value growth of more than 100% versus 2022
- Record revenue* growth of 24% versus 2022, consistently growing its recurring revenue basis with strong year over year compounded growth. Record earnings* with growth of 175% compared to 2022, demonstrating the company’s capacity to grow, while efficiently managing its resources and delivery value to customers.
*As adjusted
The company has invested in a significant upgrade to its leadership team, targeted product improvements and services emphasis. The new leadership team has implemented a more client friendly pricing structure, improved customer service focus, and simplified the organization to drive innovation.
“I’m proud of the team at Ladonware for delivering outstanding financial results, while investing in innovation and improving customer service,” said Louis Hernandez, Chairman of the Board, “it’s an exciting time as the company more aggressively expands in the region”.
The new management team followed the Black Dragon Toolkit, to position the company for more competitive, scalable, and profitable growth. They have simplified and strengthened the team and its operations. This has created the foundation for continued growth and expansion.
“It has been rewarding to work with Black Dragon to execute our transformation plan, leveraging our trusted brand in the Latin American banking industry and key investments”, said Rodrigo Ortega, CFO of Ladonware. “We will now be making investments in technology, new people and great service to drive growth and additional partnerships”, he continued.
About Black Dragon Capital℠
Black Dragon Capital℠ (BDC) is a global, multi-phased investment firm focused on advanced technologies in high growth segments that strengthen economic stability within communities. The firm was founded and led by a diverse team with a combination of intense operating experience, community impact focus, and a track record of successful investing. They work closely with entrepreneurs to build market leading companies using their proprietary Black Dragon Toolkit℠ and focus on high potential early stage, and mid-market technology companies in growth sectors disrupted by digitization.
Black Dragon Capital℠ (BDC) is a global, multi-phased investment firm focused on advanced technologies in high growth segments that strengthen economic stability within communities. The firm was founded and led by a diverse team with a combination of intense operating experience, community impact focus, and a track record of successful investing. They work closely with entrepreneurs to build market leading companies using their proprietary Black Dragon Toolkit℠ and focus on high potential early stage, and mid-market technology companies in growth sectors disrupted by digitization.
About Ladonware
Ladonware is a leading cloud-based financial services software suite, providing core banking, digital banking, collections, and analytics solutions to organizations across Latin America and the Caribbean. With clients in 12 countries across LatAm and the Caribbean, with sales leads in Brazil, Dominican Republic, Costa Rica, and Panama, Ladonware core processing system has established its sterling reputation over 25 years in the Latin American banking industry.
Ladonware is a leading cloud-based financial services software suite, providing core banking, digital banking, collections, and analytics solutions to organizations across Latin America and the Caribbean. With clients in 12 countries across LatAm and the Caribbean, with sales leads in Brazil, Dominican Republic, Costa Rica, and Panama, Ladonware core processing system has established its sterling reputation over 25 years in the Latin American banking industry.
Media Contact or Inquiries:
María Florencia Viana
Marketing Manager, Black Dragon Capital
mviana@blackdragoncap.com
SOURCE Black Dragon Capital℠
Marketing Manager, Black Dragon Capital
mviana@blackdragoncap.com
SOURCE Black Dragon Capital℠