Lendinvest

Christian Faes, Co-Founder & CEO of LendInvest

UK-based property finance marketplace, LendInvest, has secured £200 million investment from the National Bank of Australia, in a bid to expand its lending capacity in the UK Buy-to-Let market.

Christian Faes, Co-Founder & CEO of LendInvest, commented, “We’ve now raised almost £2 billion in debt and equity, and in many respects, we’re just getting started. Securing an additional £200 million of funding for our business from NAB is a great example of how the world’s leading financial institutions are partnering with the world’s leading Fintech businesses – and we’re proud to be announcing this partnership today between NAB and LendInvest.”

Established in 2008, LendInvest provides an end-to-end online platform with an aim to minimize the drawbacks of the mortgage industry by providing them the ability to make quick decisions, better turnaround and enhanced customer experience.

James Versmissen, Associate Director at National Australian Bank, added, “NAB is delighted to work together with LendInvest and play a role in achieving its growth plans. This new warehouse facility underlines NAB’s commitment and capability to support lenders that shape the mortgage market of tomorrow.”

Previously, LendInvest securitized its own portfolio of assets worth £259 million as well as lent more than £370 million in Buy-to-Let loans.

With the current investment, National Australia Bank will be joining the team of the marketplace’s investors including HSBC, Citigroup and Nomura.

by Megha Bhattacharya
Market Analyst at IBS Intelligence
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