As the year draws to a close it’s time for us to reflect on all that we have achieved in 2015. This has been a truly transformative year for LendInvest, with many major milestones and achievements. In the last twelve months our team, which has grown at a rapid rate, has made its mark across every target market of brokers, borrowers and investors. Our customers are really starting to look at non-bank lending through realistic, serious eyes, and our strong financial results have demonstrated that online lending can be a profitable business model.
Here are some of the major milestones we’ve achieved:
Largest Series A Round
In June we secured the largest ever Series A round (£22m) in UK FinTech from Chinese technology company Beijing Kunlun.
Beijing Kunlun is a Chinese technology company that was originally backed by leading Silicon Valley VC Sequoia Capital, and has core businesses in gaming, social communications platforms and technology investments. The story appeared in Business Insider and Tech City News.
In September we unveiled a completely new visual identity, with a new logo, website design and voice. For the rebrand we consulted with DesignStudio (the design company behind Air BnB’s rebrand) to come up with a new and more modern look. To celebrate we held a party in the office, with speeches, balloons, drinks and LendInvest cupcakes in our new branding colours. We were excited to see our new branding featured extensively at LendIt – the world’s largest online lending conference.
2nd Year of Consecutive Profit
In October we reported our second consecutive year of profit after just 2 years of trading. LendInvest recorded a profit of £3.1 million on revenues of £15 million for the year ending 31 March 2015.
Our company is growing rapidly and this year alone our team has doubled in size from under 30 to over 70 full time employees.
We’ve hired 3 new Business Development Managers and made several senior management hires, welcoming Roy Armitage as Head of Credit and Matt Tooth as Head of Distribution. The recruitment drive continues, with job openings available across all our teams including tech, business development, marketing and underwriting. You can view the latest job vacancies on our careers page.
In December 2015 we moved office to 8 Mortimer Street, London. Given our explosive growth over the course of the year, we needed a bigger and better space to fit all our new employees! The new 13,000 sq ft workspace has been designed with our brand values at its heart and features a variety of workspaces with state-of-the-art technology to cultivate a more collaborative and creative environment.
A Solid Performance
Our company has surpassed record deal flow milestones, lending a total of close to £500 million to property entrepreneurs so far (of which c. £250 million lent this year). We have funded nearly 2,000 new or rebuilt homes (of which over 1,200 built this year) and lent against properties worth over £750 million in total.
On the investor side we have protected our 0% capital loss record, meaning no LendInvest investor has ever lost a penny. We’ve maintained our market-leading average annual return of c. 7% or more per annum and grown capital inflow across all investor groups (both institutional and retail) from quarter to quarter.
For accurate insights, visit our statistics page.
Christian Faes, our co-founder & CEO, says: “With this year’s progress under our belts, I can’t wait to get back to business in the new year with our expanded team in our brand new office. 2016 shows every sign of being an excellent year.”
So after an exceptional year we’d like to say a big thank you to all our customers and wish you all a happy and prosperous year ahead!