Christian Faes Ian Thomas LendInvest March2016

LendInvest lands £30.5m funding

The online property finance and investing platform has raised £30.5m to continue its investment in technology as it moves towards its goal of entering the mainstream mortgage market.

LendInvest currently lends in the specialist mortgage market, with products across bridging finance, development finance and buy-to-let. The business has lent more than £1.5bn, financing over 5,000 properties across the UK.

The Series C debt and equity funding round saw technology investment firm Atomico increase its financing in LendInvest, as well as funding from new investors including GP Bullhound and Tiger Management.

The latest funding round follows Series B funding of £17m in March 2016, which enabled the business to accelerate its investment in technology and enter the buy-to-let market.

Earlier this month, the company secured £150m of initial funding from Nomura, Asia’s global investment bank, and Magnetar, the multi-strategy alternative investment manager. Since its launch in 2008, LendInvest has now raised over £1bn in funding.

Christian Faes, co-founder and CEO of LendInvest, commented: “Using technology, LendInvest is building a new kind of financial services business, and an extremely scalable platform, which is changing the way mortgages are funded and work in the UK. It’s great to have received further backing from Atomico – who have been great partners in our business – and to bring on our new investors in GP Bullhound and Tiger, to help us achieve our ambition.”

Mattias Ljungman, partner at Atomico, added: “We continue to be impressed with LendInvest’s progress in disrupting the established lending industry. Since our initial involvement the business has invested heavily in its proprietary technology, successfully moved into buy-to-let and launched the fintech sector’s first London Stock Exchange-listed retail bond programme. We are excited to work with LendInvest as it continues with its high-growth trajectory and look forward to seeing what the future holds for the business.”

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