LendInvest forms strategic alliance with property portal Plentific.com
The world’s largest peer-to-peer platform for real estate mortgages, LendInvest, has announced a strategic alliance with Plentific, the property portal and online marketplace.
As part of this strategic alliance, LendInvest co-founders Christian Faes and Ian Thomas have participated in Plentific’s most recent fundraising round; and Christian Faes has come on as a director representing the angel and VC investors in the business.
Plentific.com is a property platform that was founded by ex-investment bankers and property developers Cem Savas and Emre Kazan, after realising how hard it was to find information when buying a property, getting inspiration and finding the right home improvement professionals in the UK. There was a lot of information available but the team realised that nobody had organised property search, inspiration, project data or word-of-mouth referrals in one place. Plentific, which stands for ‘plenty’ of ‘fantastic’ resources, is working with hundreds of professionals to aggressively build out its offering to homebuyers, property investors and entrepreneurs.
Christian Faes, from LendInvest, commented:
“We have seen a gap in the online property portal market in the UK for a long time, and Plentific are directly targeting this gap. Plentific brings together a much deeper level of information for property investors, than the other property listings sites. There is a natural overlap between LendInvest’s users (for both borrowers and investors) and Plentific’s users, and this strategic alliance is one that we’re very excited about.”
Cem Savas, from Plentific, commented:
“We really like the guys at LendInvest and what they are doing for the UK mortgage market. They are applying technology to disrupt the property market, very much in the same way that we are seeking to do at Plentific. This alliance makes a lot of sense for us and we look forward to rolling out a range of collaborations with LendInvest in the near future.”
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About LendInvest:
LendInvest is the world’s largest peer-to-peer marketplace for real estate mortgages and one of the leading short to medium term Buy-To-Let lenders in the UK.
About Plentific:
Plentific is a UK property platform that provides a huge amount of property information and resources to its users and an online marketplace for property-related service providers.
About LendInvest
LendInvest is the UK’s leading platform for property finance.
LendInvest offers short-term, development and buy-to-let mortgages to intermediaries, landlords and developers. Its proprietary technology and user experience are designed to make it simpler for both borrowers and investors to access property finance.LendInvest has lent over £3bn of short term, development and buy to let mortgages.
Its funders and investors include global institutions such as HSBC, Citigroup and NAB, and, in 2019, it was the first Fintech to securitise a portfolio of BTL mortgages. The company has reported annual profitable growth since 2015 and was named Digital Innovation Award Winner at the Sunday Times Tech Track 100 Awards, and both Specialist Lender and Buy-to-Let Lender of the Year for 2019 at the last NACFB awards.