July 3, 2018

LendInvest publishes full year financial results for 2017/18

Today, we announced our financial results for the year ending 31 March 2018, reporting strong growth across all key metrics.

Financial highlights:

  • Total loan originations up by 91% to £536 million
  • Revenue increased to £53 million
  • Profit before tax was £1.9 million, marking LendInvest’s fourth consecutive annual profit from operations
  • Lending capital grew 94% to £791m

Business highlights:

  • Total homes funded grew 229% to 2109
  • Listed the first tranche of a £500m retail bond programme on the London Stock Exchange which was oversubscribed and closed early; £90 million raised to date
  • Launched first Buy-to-Let product to have a fully digital application process; supported by a substantial warehouse facility from Citigroup

 

Download our 2018 Annual Report

 

But what do these metrics look like in practice?

Our borrowers build our business, which is why it is great to see our total loan originations increase by 91% over the past year:

This translated into an exponential increase in our total homes funded, a crucial addition to the national housing stock as we continue in our efforts to get Britain building and solve the housing crisis:

These achievements are underpinned by our lending capital almost doubling over the past year:

 

Product innovation through technology remains at the core of what we do. Thanks to this, we are getting faster at bringing our new products to market:

Finally, we have expanded regionally with multiple field based hires, as we bolster our business across the UK:

Today, we manage over £820 million ($1.1bn) on behalf of all types of investors who have lent almost £1.4 billion ($1.85bn) of mortgage finance throughout the UK.

 

Christian Faes, Co-Founder & CEO of LendInvest, commented: “As LendInvest continues to move towards the mainstream mortgage market, we are showing that the investment we’ve made in our proprietary technology is providing an unrivalled platform for growth. As we move into the Buy-to-Let (BTL) market, we’ve been able to leverage our brand within the specialist mortgage market, our distribution channels, and most importantly our technology, all of which give us a substantial edge. We have lent more BTL finance in the first few months since launch than we did during our first full four years in business.

“LendInvest is proving that you can be a FinTech business that makes a substantial investment in building technology, uses that as a competitive advantage, and all the while builds a scalable and profitable business. We almost doubled the size of the business last year, with only a relatively negligible increase in our headcount, and importantly remaining profitable which we’ve consistently done for the last four years.”

Every year since 2015, LendInvest has published a full and independently audited Annual Report. Anyone can download and read the latest and previous reports in our Media Centre.

Christian Faes added: “As a modern financial services business, we feel we have a responsibility to our customers and investors to lift the lid on the health of our company regularly. Our Annual Reports give anyone the chance to look under the bonnet of what we’re building and judge for themselves how well we live up to our reputation as a FinTech leader.”