LendInvest

LendInvest
Private
Industry Marketplace lending & investing[1][2][3][4][5][6][7]
Headquarters London, England
Key people

Christian Faes, CEO & Founder

Ian Thomas, CIO
Products Residential and commercial mortgages
Marketplace lending & investing
Services Financial services
Website www.lendinvest.com

LendInvest is a marketplace lending & investing platform for residential and commercial mortgages created by Montello, a specialist financier based in London.[8][9][10][11][12][13][14] 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.[1][15][16][17]

Launched in May 2013, the company lent £6.5 million in its first four months of operation.[18][19][20]

Company overview

LendInvest lets investors find and invest in new loans and facilitates an online market for completed loans.[1][9][10][11] 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.[3][14] It was the first live P2P lending platform in the world to focus specifically on mortgage loans.[21]

LendInvest’s association with Montello lets the company underwrite each loan and provides customers access to a variety of loan and underwriting processes.[17][22] Its primary investors are high-net-worth individuals and institutional-grade investors.[4][13]

LendInvest was founded by Christian Faes, a solicitor and Managing Partner of Montello and Ian Thomas, Partner and also a founder of Montello.[1][3][8][9][11]

In September 2013, the company became a member of the trade organization P2P Finance Association.[23][24][25][26] The Association also includes other established P2P lenders in UK financial market such as Zopa, Funding Circle, and RateSetter.[24][25][26]

In June 2015 LendInvest raised the biggest Series A funding round in UK FinTech so far,[27] 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.[28]

In October 2015 the UK online marketplace for property investment reported a £3.1 million of profit for the year ending 31 March 2015.[29] 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).[30]

References

  1. 1 2 3 4 "Alternative lenders help fill funding gap". Mortgage Strategy. Retrieved November 7, 2013.
  2. ↑ "10 Questions with... Christian Faes of Montello". Bridging and Commercial. Retrieved November 7, 2013.
  3. 1 2 3 "Second real estate debt fund for Montello". Opalesque. Retrieved November 7, 2013.
  4. 1 2 "LendInvest off to a flying start". Mortgage Introducer UK. Retrieved November 7, 2013.
  5. ↑ "P2P mortgage lending platform launches". Mortgage Introducer UK. Retrieved November 7, 2013.
  6. ↑ "LendInvest join the P2P Finance Association". Mortgage Introducer. Retrieved November 7, 2013.
  7. ↑ "Peer-to-peer mortgage lender launches". Every Investor. Retrieved November 7, 2013.
  8. 1 2 "LendInvest – crowdfunding for mortgages". Mortgage Finance Gazette Online. Retrieved November 7, 2013.
  9. 1 2 3 "UK-Based Montello Capital Partners Launch LendInvest, P2P Loan Trading Platform". Crowdfund Insider. Retrieved November 7, 2013.
  10. 1 2 "Peer-to-Peer Lending Likely to Continue its March Into the Mainstream". Retrieved November 7, 2013.
  11. 1 2 3 "Montello principals launch peer-to-peer loan trading platform". Financial Reporter. Retrieved November 7, 2013.
  12. ↑ "LendInvest launches peer-to-peer mortgage lending site". Mortgage Solutions. Retrieved November 7, 2013.
  13. 1 2 "New P2P Mortgage-Lending Platform Targets Institutional-Grade Investors". FINalternatives. Retrieved November 7, 2013.
  14. 1 2 "Peer-to-Peer Mortgage Lending Platform Launches in the UK". Property Reporter. Retrieved November 7, 2013.
  15. ↑ "60 Seconds with... Christian Faes, partner at LendInvest". Mortgage Strategy. Retrieved November 7, 2013.
  16. ↑ "Peer-to-Peer Lending Likely to Continue its March into the Mainstream". Lending Revolution. Retrieved November 7, 2013.
  17. 1 2 "LendInvest cuts out mortgage lenders". Your Mortgage. Retrieved November 7, 2013.
  18. ↑ "LendInvest completes first block trade of loans for GBP1.3m". Hedgeweek. Retrieved November 7, 2013.
  19. ↑ "Montello heads unveil peer-to-peer loan platform". Best Advice. Retrieved November 7, 2013.
  20. ↑ "LendInvest completes first block trade of loans for GBP1.3m". Property Funds World. Retrieved November 7, 2013.
  21. ↑ "Peer-to-peer mortgage platform LendInvest breaks £8.5m barrier". Financial Reporter. Retrieved November 7, 2013.
  22. ↑ "Q&A with LendInvest: the first peer-to-peer mortgage lender". Love Money. Retrieved November 7, 2013.
  23. ↑ "LendInvest joins £600m revolution". Bridging and Commercial. Retrieved November 7, 2013.
  24. 1 2 "LendInvest accepted as member of peer-to-peer industry body". Financial Report. Retrieved November 7, 2013.
  25. 1 2 "LendInvest accepted into the Peer-to-Peer Finance Association". Property Reporter. Retrieved November 7, 2013.
  26. 1 2 "Members". P2P Finance Association. Retrieved November 7, 2013.
  27. ↑ England, Lucy. "This startup just raised the biggest Series A round in UK fintech so far". Business Insider UK. Retrieved 16 November 2015.
  28. ↑ Dunkley, Emma. "China’s Beijing Kunlun backs UK peer-to-peer lender LendInvest". ft.com. Retrieved 16 November 2015.
  29. ↑ de Stefano, Guglielmo. "LendInvest announces second consecutive year of profit". AltFi. Retrieved 16 November 2015.
  30. ↑ Williams-Grut, Oscar. "A £4 billion part of the fintech boom is 'reminiscent of the dotcom bubble'". Business Insider UK. Retrieved 16 November 2015.
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