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 @TechDayHQ: "A business has to be involving, it has to be fun, and it has to exercise your creative instincts." @richardbranson #Wednesd…

@metpoliceuk [email protected] have confirmed they have found no evidence of shots fired or casualties. Police are stan… https://t.co/51jgD7w3Cd

The UK government is pledging support in the form of £61 million to the #tech industry https://t.co/5l7lggdvHW https://t.co/dg8RbR2Xrq

Police reluctant to make arrests due to sharp fall in number of custody suites https://t.co/fvCuVJebD6

🎉 Insane! 🎉 @Wriggle are hiring a Mid to Senior Front-End Developer https://t.co/MKFKzCjjGS #javascript #angular

Tech.London Weekly