LendInvest
Company typePublic
AIM: LINV
IndustryFintech
Headquarters
London, England
Key people
Rod Lockhart, CEO
Christian Faes, Executive Chairman & Co-founder
Ian Thomas, CIO & Co-founder
ProductsResidential and commercial mortgages
Investment platform
ServicesFinancial services
Websitelendinvest.com

LendInvest is a non-bank mortgage lender [1] in the UK,[2] and is a property lending and investing platform.[3] As an alternative Fintech[4][5][6] lender in the property market,[7] LendInvest provides finance to property professionals and small and medium-sized businesses (SMEs) around the UK. It also makes it possible for individuals, corporates and institutions to invest in secured property loans originated and underwritten by its mortgage team.[8]

LendInvest is regarded as one of the leading FinTech companies in the UK,[9] and has been referred to as a 'future billion dollar' business.[10]

LendInvest was launched in 2013 when it was spun out of Montello,[11] a London-based specialist short-term property finance lender.

LendInvest is a public company[12] and is backed by Atomico, the European venture capital investment fund co-founded by Niklas Zennström, which invested £17 million in the company in March 2016.[13]

LendInvest operates throughout the UK with staff based regionally covering Southern England, Northern England and Scotland.[14]

History

Since 2015, LendInvest has published an independently audited Annual Report on its website.[15] In the year to 31 March 2017, LendInvest reported 20% revenue growth to £40 million and an underlying profit from operations of £2.6 million.[16]

In February 2017, LendInvest published a report entitled "Starting small to build more homes: A blueprint for better policymaking in the property SME market",[17] that revealed that SMEs in the housebuilding sector have been failing at alarming rates,[18] and argues that the government could help to resolve the country's chronic housing shortage by rebooting its strategy to help smaller property firms.[19] The report was formally launched on 21 March 2017 by Conor Burns MP.[20]

In June 2017, LendInvest received a third SQ1 Servicer Quality Rating from European ratings agency ARC Ratings.[21] ARC Rating assesses the process used by LendInvest to originate, underwrite and service property loans.[22]

In September 2016, LendInvest launched the LendInvest Property Development Academy,[23] a non-profit two day course for aspiring property entrepreneurs to learn how to better equip themselves with the skills they need to grow their property development portfolios.[24] Academy courses are held in London, Manchester, Edinburgh, Bristol and Birmingham.[25] The Academy was launched in collaboration with the University of Reading[26] and is supported by the Home Builders' Federation.[27] The initiative was attended by the Scottish government in June 2017 when Minister for Housing Kevin Stewart MSP launched the Edinburgh course.[28]

In November 2017, LendInvest launched into the UK Buy-to-Let market[29] and in June 2019 became the first Fintech to securitise its own assets in a £259 million securitisation of Buy-to-Let loans.[30]

LendInvest became a public company in July 2021, listing on the London Stock Exchange's AIM.[31]

Products

LendInvest provides short-term financing options, and Buy-to-Let mortgages for UK-based property investors.[32]

On 10 August 2017, LendInvest launched a listed retail bond on the London Stock Exchange.[3] The process to raise LendInvest's first retail bond was closed early and oversubscribed.[33] The retail bond is the first to be issued by a FinTech business and constitutes a fourth funding channel for the company.[33] LendInvest's first retail bond was added by the Daily Telegraph's Questor share tip column to its £500,000 Income Portfolio on 4 August 2017.[34]

References

  1. ^ Morris, Stephen (24 March 2020). "Non-bank lenders push for access to emergency state funding". Financial Times.
  2. ^ Ratcliffe, Madeline (8 January 2016). "Peer to peer mortgage lender LendInvest hits £500m mark". City A.M.
  3. ^ a b "LONDON STOCK EXCHANGE WELCOMES LENDINVEST SECURED INCOME PLC". lseg.com/.
  4. ^ "Lendinvest". The FinTech 50. Retrieved 2017-11-01.
  5. ^ Finextra (2017-08-10). "LendInvest makes London Stock Exchange debut with £50m raise". Finextra Research. Retrieved 2017-11-01.
  6. ^ "Fintech lender LendInvest to launch retail bond offering - AltFi News". AltFi. Retrieved 2017-11-01.
  7. ^ Weeks, Ryan (19 July 2017). "Fintech lender LendInvest to launch retail bond offering". Altfi News.
  8. ^ "LendInvest launches first retail bond for secured property loans". Wealth Adviser. 26 July 2017.
  9. ^ Smith, Edwin (8 February 2015). "25 fintech companies set for stardom". Raconteur.
  10. ^ Williams-Grut, Oscar (20 April 2017). "17 fintech businesses that could one day be worth over $1 billion". Business Insider UK.
  11. ^ Allen, Kate (22 September 2014). "Is peer-to-peer a new home for UK property finance?". Financial Times.
  12. ^ "Companies house". Companies house.
  13. ^ Palmer, Kate (14 March 2016). "Skype co-founder Niklas Zennström buys £17m stake in peer-to-peer lender". Telegraph.
  14. ^ "LendInvest hires Andy Virgo as first BDM for Southern England". Business Money. 15 August 2017.
  15. ^ Hurst, Samantha (18 January 2016). "P2P Lending Platform LendInvest Publishes Annual Report". Crowdfund Insider.
  16. ^ Bambrough, Billy (7 October 2016). "Alternative mortgage lender LendInvest posts a 133 per cent rise in revenue as profit flattens out". City A.M.
  17. ^ "LendInvest publishes a blueprint for change to government treatment of property SMEs". Housebuilder & Developer. 6 March 2017.
  18. ^ Rothstein, Matthew (7 March 2017). "Turning Around Housebuilding SMEs Might Be The Key To Recovery In The Sector". Forbes.
  19. ^ Faes, Christian (7 March 2017). "Entrepreneur housebuilders have been crushed: We must bring them back to life". City A.M.
  20. ^ "Conor discusses housebuilding". Conor Burns. 19 April 2017.
  21. ^ "LendInvest receives highest rating from European ratings agency | Mortgage Introducer". Mortgage Introducer. 2017-06-29. Retrieved 2017-11-13.
  22. ^ "LendInvest receives highest rating from European ratings agency for third consecutive year". Bridging Loan Directory. 2017-06-29. Retrieved 2017-11-13.
  23. ^ Lockhart, Rod (6 June 2017). "We must reverse decline of smaller housebuilders". Property Week.
  24. ^ "What attendees thought of the LendInvest Property Development Academy". Mortgage Strategy. 22 December 2016.
  25. ^ Shoffman, Marc (23 June 2017). "LendInvest launches Scottish Property Development Academy". Peer2Peer Finance News.
  26. ^ Lynn, Alex (30 March 2017). "LendInvest's property development academy expands to the North". Development Finance Today.
  27. ^ Hall, Robyn (20 January 2017). "Home Builders Federation backs LendInvest academy". Specialist Finance Introducer.
  28. ^ Mackie, Gareth (23 June 2017). "LendInvest launches academy for budding property tycoons". The Scotsman.
  29. ^ Reporter, Financial. "LendInvest launches into buy-to-let market". Financial Reporter. Retrieved 2021-10-21.
  30. ^ "LendInvest completes first £259m securitisation as it looks to further take market share from big banks". AltFi. Retrieved 2021-10-21.
  31. ^ "Stock". www.londonstockexchange.com. Retrieved 2021-10-21.
  32. ^ "Intermediaries". www.lendinvest.com. Retrieved 2021-10-21.
  33. ^ a b "LendInvest makes London Stock Exchange debut with £50m raise". Finextra. 10 August 2017.
  34. ^ Dyson, Richard (28 July 2017). "Questor: With a 5.25pc coupon and a five-year term, this new bond issue is worth a look". The Telegraph.

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