December marked a new record month for loan origination at LendInvest: we funded a total of £83 million in loans for our borrowers. This means we’ve now lent a total of over £1.7 billion to property investors, developers and landlords around the UK.
Ian Thomas, Co-founder and Chief Investment Officer: “In what was a short month in terms of business days, we have achieved a fantastic new record of loan originations for the business. This year the team have truly gone above and beyond in ensuring we are delivering the finance our borrowers need, at speed – our focus now is keeping this momentum going into 2019.”
This milestone tops off what has been a brilliant 2018 for the team here at LendInvest.
Last year we ticked off a long list of goals for the business, from launching a second Retail Bond onto the London Stock Exchange to surpassing £1 billion in assets under management following the close of another huge £150 million funding deal with Asia’s global investment bank, Nomura and alternative investment manager Magnetar.
We didn’t only add to our lending capital, but also raised £30.5 million of equity in our Series C funding round as we continue to ramp up our growth as a business.
Demand for our products continued to increase, as we hit our first £100 million milestone for Buy-to-Let lending after a fantastic product launch at the end of 2017. Our Development Finance team celebrated their 3 year anniversary – growing from a team of two to 12 today, funding developments across the England, Scotland and Wales.
Partnering with the best in the industry for innovating where customer pain points are the heaviest has allowed our products to move from strength to strength in the past year. Like-minded FinTech disrupters such as Stripe and Onfido have supported us in our mission of changing the mortgage process for the better, enabling us to empower our customers, whilst delivering high quality loans at speed.
These achievements didn’t go unnoticed, with LendInvest receiving industry recognition in all business areas. We took home the Real Estate Platform of the Year at the LendIt Awards 2018, Most Innovative Lender at the NACFB Awards and ranking on both the Deloitte Fast 50 and Sunday Tech Track 100.
Our team has grown significantly, (13 new hires for our Buy-to-Let team alone) bringing our total number of employees to 161. If you are interested in joining us to continue our journey in the coming year, check out our current open vacancies!
We can’t wait to share what comes next for the business in 2019 with you.