LendInvest passes £500m mark with long-term warehouse facility from Citi

Nov 6, 2017 · bdaily.co.uk

Screen shot 2017 11 05 at 22.39.58

LendInvest, a marketplace platform for property finance, has agreed a long-term financing facility with global bank, Citi, paving its way to enter the UK’s £40bn buy-to-let market.

LendInvest manages over £500m of lending capital on behalf of its institutional investors, creating the largest institutional capital base of any UK fintech lender on record.

Citi joins a broad range of institutional investors investing in LendInvest’s secured property loans, including Macquarie Bank, Merseyside Pension Fund and a listed UK challenger bank.

Chris Philp, PPS to the Chancellor of the Exchequer, commented: "This partnership between LendInvest and Citi is a great example of major institutions getting behind UK fintech in a serious way, and confirms London’s status as a leading destination for global investment.

"LendInvest’s push into buy-to-let is a great example of FinTech moving into more hard-to-disrupt markets that could be otherwise left behind by financial innovation."

Read Complete Article

RT @iamstartacus: We take a look at Mush, the app that's aiming to "instantly makes you a part of your local mum community". https://t.co/w…

RT @MayorofLondon: In this cold weather @tfl and @londoncouncils are joining forces to keep London moving. Remember to check before travell…

#Cybercrime is now a $1 trillion industry with highly sophisticated actors - how can #AI and #BigData help us comb… https://t.co/yrHqZWQUjp

MWC 2018: Telstra's 5G rollout plan for 2019 https://t.co/6kDOuQq6MT by @thelaughingsub

MWC 2018: Telstra to live demo 2Gbps 4G https://t.co/iLtn3mWZ3B by @thelaughingsub

Tech.London Weekly