LendInvest Receives £200M Investment from National Australian Bank
Summary
The National Australian Bank joined a roster of global financial institutions that invest in the company’s loans, including banks such as HSBC, Citigroup and Nomura. The company intends to use the funds to expand its capacity to lend in the Buy-to-Let market. Led by Christian Faes, Co-Founder & CEO, LendInvest is an online platform for property finance. Since launching in 2008, the company has lent over £2 billion to property investors, landlords and developers across the UK. Earlier this Summer, the company became the UK’s first fintech business to securitize its own portfolio of assets worth £259m.
Funding
Amount
$242.1M
Total raised
Date
August 12, 2019
Announcement date
Investors
National Australia Bank, The Untitled Venture Company
Lead investors
Company
http://www.lendinvest.com
Funded company
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