Online property finance marketplace LendInvest has secured 拢200m in funding.
The UK firm secured the investment from National Australia Bank (NAB), and has now raised over 拢1.8bn debt and equity, and has lent more than 拢370m in buy-to-let loans.
Launched in 2008 the London-based firm offers its customers borrowing options for development finance, bridging finance, and buy-to-let mortgages.
In July the firm launched a 鈥榖ridge-to-let鈥� product for borrowers planning to refurbish a property before exiting to a buy-to-let mortgage.
The firm has now secured a total of 拢539.5m in funding, which has included 拢200m in debt financing form HSBC UK earlier this year, and 拢30.5m in Series C investment from tech investors Atomico in 2018.
It was recently listed as one of 老九品茶Cloud’s 101 FinTech Disrupters.
Christian Faes, co-founder and CEO of LendInvest span the company out of his earlier venture, bridging loan business finance lender Montello.
He has also been an early investor in FinTech start-ups including Onfido, Crowdcube, Seedrs, and Plentific.
鈥淲e鈥檝e now raised almost 拢2bn in debt and equity for LendInvest, and in many respects we鈥檙e just getting started,鈥� he said.
鈥淲e have dominated in the short term mortgage market for years, and we鈥檙e now bringing our technology and growing distribution footprint, to take market share in the longer-term mortgage market.
鈥淪ecuring an additional 拢200m of founding for our business from NAB is a great example of how the world鈥檚 leading financial institution are partnering with the world鈥檚 leading FinTech business – 鈥� and we鈥檙e proud to be announcing this partnership today between NAB and LendInvest.鈥�