Press Release: LendInvest appoints first Head of Distribution to drive business goals

London, 30 September 2015 – LendInvest, the leading online lender for bridging finance, has appointed Matthew Tooth as the company’s first Head of Distribution

LendInvest, which spun out of Montello, the short-term mortgage finance specialist, in 2013, has originated close to £400 million of loans for borrowers seeking finance deals lasting between one month and three years.

Drawing on 20 years’ financial services experience, Matthew will be responsible for improving LendInvest’s distribution channels and processes that are used to bring on board borrowers, brokers and investors.

Matthew joins LendInvest from IG Group, the global online trading platform. During 15 years at IG Group, Matthew held several senior management roles including Interim CFO and, most recently, Business Development Director where he oversaw Group-level product and country launches.

Christian Faes, Co-Founder & CEO of LendInvest, commented:

“Adding Matt to our senior management team is a coup for LendInvest as we gear up to increase our share of the short-term mortgage market. As he builds on our reputation for quality service and technology, Matt can draw on his rare professional experience from his career at IG Group – one of the biggest FinTech success stories of the last ten years.

“At LendInvest we will lend three times more this year than we did in 2014; and we are targeting significant growth over the next few years. It takes a major investment in talent to prepare and cater for that sort of growth and Matt is an awesome addition to our management team.”

Matthew Tooth, Head of Distribution, added:

“Combining mortgage market experience with technology know-how, drive and ambition, Christian and his team have created an online business model that is gaining traction in a traditionally ‘offline’ market.

“By ensuring that we do things with the speed, transparency, efficiency and authority that our investors, brokers and borrowers value most, LendInvest has the potential to become a leader in the UK mortgage market which is ripe for transformation.”

During Matthew’s time at IG Group, the company was transformed from a privately-owned business generating £20 million of annual revenues, to a FTSE 250 financial technology leader (£2.7 billion market cap.) with 125,000 clients globally.

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Contact

Carmen Murray, PR Manager – [email protected] / 020 3451 9624

About LendInvest

LendInvest is the leading online marketplace for short-to-medium term property lending and investing. The company was spun out of Montello Bridging Finance, the established bridging finance provider, in summer 2013.

LendInvest aims to bring the speed, efficiency and transparency of peer-to-peer lending to the mortgage market for the first time. In the last two years, LendInvest has originated close to £400 million of loans to landlords and developers for terms lasting one month to three years, making it one of the most active short-to-medium term mortgage lenders in the UK.

LendInvest is authorised and regulated by the Financial Conduct Authority and in June 2015, it became the first peer-to-peer platform to be rated by a regulated European credit rating agency.

All loans are secured by a registered first charge against property in the UK and the company has consistently provided returns to investors between 6-9% per annum.

For further information, please visit www.lendinvest.com and follow the company at @LendInvest.