London-based LendInvest today announced that it has secured £200 million investment from the National Australia Bank and supported by the UK’s HM Treasury. The news comes after LendInvest announced a separate £200 million funding line with HSBC UK earlier this year, to enter the regulated home-owner loan market for the first time.
The company, which bills itself as the UK’s leading online marketplace for property finance, has now raised over £1.8 billion in debt and equity funding from investors to date.
This new debt funding round expands LendInvest’s capacity to lend in the ‘Buy-to-Let’ market in the UK, as underscored by co-founder and CEO, Christian Faes:
“We’ve now raised almost £2 billion in debt and equity for LendInvest, and in many respects we’re just getting started. We have dominated in the short term mortgage market for years, and we’re now bringing our technology and growing distribution footprint, to take market share in the longer-term mortgage market.
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.”
The company recently announced that its platform has generated £72.7 million in revenue in the twelve months leading up to 31 March 2019.