Services Financial services Founded 2013 Type Privately held company | Website www.lendinvest.com Headquarters London | |
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Industry Marketplace lending & investing Key people Christian Faes, CEO & Founder
Ian Thomas, CIO Products Residential and commercial mortgages
Marketplace lending & investing | ||
london christian faes llb hons co founder director lendinvest
LendInvest is a marketplace lending & investing platform for residential and commercial mortgages created by Montello, a specialist financier based in London. It offers an crowdsourcing alternative to bank-backed mortgages, of which there has been a drastic decline in the United Kingdom following the Financial Crisis of 2007–08.
Contents
- london christian faes llb hons co founder director lendinvest
- Www lendinvest com
- Company overview
- References
Launched in May 2013, the company lent £6.5 million in its first four months of operation.
Www lendinvest com
Company overview
LendInvest lets investors find and invest in new loans and facilitates an online market for completed loans. Unlike most P2P lenders, LendInvest secures all loans against real estate and is the first P2P lender in the UK for originating and funding new residential and commercial loans. It was the first live P2P lending platform in the world to focus specifically on mortgage loans.
LendInvest’s association with Montello lets the company underwrite each loan and provides customers access to a variety of loan and underwriting processes. Its primary investors are high-net-worth individuals and institutional-grade investors.
LendInvest was founded by Christian Faes, a solicitor and Managing Partner of Montello and Ian Thomas, Partner and also a founder of Montello.
In September 2013, the company became a member of the trade organization P2P Finance Association. The Association also includes other established P2P lenders in UK financial market such as Zopa, Funding Circle, and RateSetter.
In June 2015 LendInvest raised the biggest Series A funding round in UK FinTech so far, after announcing that China's Beijing Kunlun has backed the peer-to-peer lending platform in search of higher returns, as competition in the fast-growing alternative finance sector heats up.
In October 2015 the UK online marketplace for property investment reported a £3.1 million of profit for the year ending 31 March 2015. LendInvest made a £3.1 million ($4.7 million) profit in the year to March, up from £1.2 million ($1.8 million) in 2014. Revenue rose from £5 million ($7.6 million) to £15 million ($23 million).