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

Nov 6, 2017 · bdaily.co.uk

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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."

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