{{short description|Online lending platform}} {{Infobox company | name = LendInvest | logo = LendInvest logo.svg | type = Public | services = Financial services | traded_as = {{aim|LINV}} | industry = Fintech | founded = {{Start date and age|2013}} spun out of Montello | founder = <!-- or: founders = --> | location_city = London | location_country = United Kingdom | key_people = Rod Lockhart, CEO<br>Christian Faes, Executive Chairman & Co-founder<br>Ian Thomas, CIO & Co-founder | products = Residential and commercial mortgages<br>Investment platform
| homepage = {{URL|https://lendinvest.com}} }}
'''LendInvest''' is a British non-bank mortgage lender which provides a property lending and investing platform.<ref>{{Cite news|url=https://www.ft.com/content/51340b70-6d28-11ea-89df-41bea055720b|title=Non-bank lenders push for access to emergency state funding|last=Morris|first=Stephen|date=24 March 2020|work=Financial Times}}</ref><ref>{{Cite news|url=http://www.cityam.com/231931/peer-to-peer-mortgage-broker-lendinvest-hits-500m-mark|title=Peer to peer mortgage lender LendInvest hits £500m mark|last=Ratcliffe|first=Madeline|date=8 January 2016|work=City A.M.}}</ref><ref name=":0">{{Cite web|url=https://www.lseg.com/markets-products-and-services/our-markets/london-stock-exchange/equities-markets/raising-equity-finance/market-open-ceremony/welcome-stories/london-stock-exchange-welcomes-lendinvest-secured-income-plc|title=LONDON STOCK EXCHANGE WELCOMES LENDINVEST SECURED INCOME PLC|website=lseg.com/}}</ref> As an alternative fintech lender in the property market, LendInvest provides finance to property professionals and small and medium-sized businesses (SMEs) around the UK.<ref>{{Cite web|url=https://www.thefintech50.com/lendinvest/|title=Lendinvest|website=The FinTech 50|language=en-US|access-date=2017-11-01}}</ref><ref>{{Cite news|url=https://www.finextra.com/pressarticle/70338/lendinvest-makes-london-stock-exchange-debut-with-50m-raise|title=LendInvest makes London Stock Exchange debut with £50m raise|last=Finextra|date=2017-08-10|work=Finextra Research|access-date=2017-11-01|language=en}}</ref><ref>{{Cite news|url=http://www.altfi.com/article/3239_fintech_lender_lendinvest_to_launch_retail_bond_offering|title=Fintech lender LendInvest to launch retail bond offering|last=Weeks|first=Ryan|date=19 July 2017|work=Altfi News}}</ref><ref>{{Cite news|url=http://www.altfi.com/article/3239_fintech_lender_lendinvest_to_launch_retail_bond_offering|title=Fintech lender LendInvest to launch retail bond offering - AltFi News|work=AltFi|access-date=2017-11-01|language=en}}</ref> It also makes it possible for individuals, corporates and institutions to invest in secured property loans originated and underwritten by its mortgage team.<ref>{{Cite news|url=http://www.wealthadviser.co/2017/07/26/254358/lendinvest-launches-first-retail-bond-secured-property-loans|title=LendInvest launches first retail bond for secured property loans|date=26 July 2017|work=Wealth Adviser}}</ref>
LendInvest operates throughout the UK with staff based regionally covering Southern England, Northern England and Scotland.<ref>{{Cite news|url=http://www.business-money.com/announcements/lendinvest-hires-andy-virgo-as-first-bdm-for-southern-england|title=LendInvest hires Andy Virgo as first BDM for Southern England|date=15 August 2017|work=Business Money}}</ref> LendInvest is a leading FinTech companies in the UK.<ref>{{Cite web|url=https://www.raconteur.net/technology/25-fintech-companies-set-for-stardom|title=25 fintech companies set for stardom|last=Smith|first=Edwin|date=8 February 2015|website=Raconteur}}</ref><ref>{{Cite news|url=https://www.businessinsider.com/gp-bullhound-fintech-future-unicorns-billion-vaulation-2017-4|title=17 fintech businesses that could one day be worth over $1 billion|last=Williams-Grut|first=Oscar|date=20 April 2017|work=Business Insider UK}}</ref>
LendInvest was launched in 2013 when it was spun out of Montello,<ref>{{Cite news|url=https://www.ft.com/content/7a602734-390a-11e4-9cce-00144feabdc0|title=Is peer-to-peer a new home for UK property finance?|last=Allen|first=Kate|date=22 September 2014|work=Financial Times}}</ref> a London-based specialist short-term property finance lender. LendInvest is a publicly listed company and is backed by Atomico, the European venture capital investment fund co-founded by Niklas Zennström, which invested £17 million in the company in March 2016.<ref>{{Cite web|url=https://find-and-update.company-information.service.gov.uk/company/08146929|title=Companies house|date=|website=Companies house}}</ref><ref>{{Cite news|url=https://www.telegraph.co.uk/business/2016/03/14/skype-co-founder--niklas-zennstrm-buys-17m-stake-in-peer-to-peer/|title=Skype co-founder Niklas Zennström buys £17m stake in peer-to-peer lender|last=Palmer|first=Kate|date=14 March 2016|work=Telegraph}}</ref>
== History == Since 2015, LendInvest has published an independently audited Annual Report on its website.<ref>{{Cite news|url=https://www.crowdfundinsider.com/2016/01/80930-p2p-lending-platform-lendinvest-publishes-annual-report/|title=P2P Lending Platform LendInvest Publishes Annual Report|last=Hurst|first=Samantha|date=18 January 2016|work=Crowdfund Insider}}</ref> In the year to 31 March 2017, LendInvest reported 20% revenue growth to £40 million and an underlying profit from operations of £2.6 million.<ref>{{Cite news|url=http://www.cityam.com/250926/peer-peer-mortgage-lender-lendinvest-posts-133-per-cent|title=Alternative mortgage lender LendInvest posts a 133 per cent rise in revenue as profit flattens out|last=Bambrough|first=Billy|date=7 October 2016|work=City A.M.}}</ref>
In February 2017, LendInvest published a report entitled "Starting small to build more homes: A blueprint for better policymaking in the property SME market",<ref>{{Cite news|url=http://www.hbdonline.co.uk/news/lendinvest-publishes-a-blueprint-for-change-to-government-treatment-of-property-smes/Ja|title=LendInvest publishes a blueprint for change to government treatment of property SMEs|date=6 March 2017|work=Housebuilder & Developer}}</ref> that revealed that SMEs in the housebuilding sector have been failing at alarming rates,<ref>{{Cite news|url=https://www.forbes.com/sites/bisnow/2017/03/07/turning-around-housebuilding-smes-might-be-the-key-to-recovery-in-the-sector/#4369489842bb|title=Turning Around Housebuilding SMEs Might Be The Key To Recovery In The Sector|last=Rothstein|first=Matthew|date=7 March 2017|work=Forbes}}</ref> and argues that the government could help to resolve the country's chronic housing shortage by rebooting its strategy to help smaller property firms.<ref>{{Cite news|url=http://www.cityam.com/260370/entrepreneur-housebuilders-have-been-crushed-we-must-bring|title=Entrepreneur housebuilders have been crushed: We must bring them back to life|last=Faes|first=Christian|date=7 March 2017|work=City A.M.}}</ref> The report was formally launched on 21 March 2017 by Conor Burns MP.<ref>{{Cite web|url=https://www.conorburns.com/news/conor-discusses-housebuilding|title=Conor discusses housebuilding|date=19 April 2017|website=Conor Burns}}</ref>
In June 2017, LendInvest received a third SQ1 Servicer Quality Rating from European ratings agency ARC Ratings.<ref>{{Cite news|url=https://www.mortgageintroducer.com/lendinvest-receives-highest-rating-european-ratings-agency/#.WglYMRO0N-W|title=LendInvest receives highest rating from European ratings agency {{!}} Mortgage Introducer|date=2017-06-29|work=Mortgage Introducer|access-date=2017-11-13|language=en-GB}}</ref> ARC Rating assesses the process used by LendInvest to originate, underwrite and service property loans.<ref>{{Cite news|url=https://bridgingloandirectory.co.uk/lendinvest-receives-highest-rating-european-ratings-agency-third-consecutive-year/|title=LendInvest receives highest rating from European ratings agency for third consecutive year|date=2017-06-29|work=Bridging Loan Directory|access-date=2017-11-13|language=en-US}}</ref>
In September 2016, LendInvest launched the LendInvest Property Development Academy,<ref>{{Cite news|url=http://www.propertyweek.com/opinion/we-must-reverse-decline-of-smaller-housebuilders/5089621.article|title=We must reverse decline of smaller housebuilders|last=Lockhart|first=Rod|date=6 June 2017|work=Property Week}}</ref> a non-profit two day course for aspiring property entrepreneurs to learn how to better equip themselves with the skills they need to grow their property development portfolios.<ref>{{Cite news|url=https://www.mortgagestrategy.co.uk/what-attendees-thought-of-the-lendinvest-property-development-academy/|title=What attendees thought of the LendInvest Property Development Academy|date=22 December 2016|work=Mortgage Strategy}}</ref> Academy courses are held in London, Manchester, Edinburgh, Bristol and Birmingham.<ref>{{Cite news|url=http://www.p2pfinancenews.co.uk/2017/06/23/lendinvest-launches-scottish-property-development-academy/|title=LendInvest launches Scottish Property Development Academy|last=Shoffman|first=Marc|date=23 June 2017|work=Peer2Peer Finance News}}</ref> The Academy was launched in collaboration with the University of Reading<ref>{{Cite news|url=http://www.developmentfinancetoday.co.uk/article-desc-5250_LendInvest%E2%80%99s%20property%20development%20academy%20expands%20North|title=LendInvest's property development academy expands to the North|last=Lynn|first=Alex|date=30 March 2017|work=Development Finance Today}}</ref> and is supported by the Home Builders' Federation.<ref>{{Cite news|url=http://specialistfinanceintroducer.co.uk/2843-2/|title=Home Builders Federation backs LendInvest academy|last=Hall|first=Robyn|date=20 January 2017|work=Specialist Finance Introducer}}</ref> The initiative was attended by the Scottish government in June 2017 when Minister for Housing Kevin Stewart MSP launched the Edinburgh course.<ref>{{Cite news|url=http://www.scotsman.com/business/companies/financial/lendinvest-launches-academy-for-budding-property-tycoons-1-4483462|title=LendInvest launches academy for budding property tycoons|last=Mackie|first=Gareth|date=23 June 2017|work=The Scotsman}}</ref>
In November 2017, LendInvest launched into the UK Buy-to-Let market<ref>{{Cite web|last=Reporter|first=Financial|title=LendInvest launches into buy-to-let market|url=https://www.financialreporter.co.uk/mortgages/lendinvest-launches-into-buy-to-let-market.html|access-date=2021-10-21|website=Financial Reporter|language=en}}</ref> and in June 2019 became the first Fintech to securitise its own assets in a £259 million securitisation of Buy-to-Let loans.<ref>{{Cite web|title=LendInvest completes first £259m securitisation as it looks to further take market share from big banks|url=https://www.altfi.com/article/5427_lendinvest-completes-first-259m-securitisation-as-it-looks-to-further-take-market-share-from-big-banks|access-date=2021-10-21|website=AltFi|language=en}}</ref>
LendInvest became a public company in July 2021, listing on the London Stock Exchange's AIM.<ref>{{Cite web|title=Stock|url=https://www.londonstockexchange.com/news,tab=news-explorer|access-date=2021-10-21|website=www.londonstockexchange.com|language=en}}</ref>
== Products == LendInvest provides short-term financing options, and Buy-to-Let mortgages for UK-based property investors.<ref>{{Cite web|title=Intermediaries|url=https://www.lendinvest.com/intermediaries/|access-date=2021-10-21|website=www.lendinvest.com|language=en}}</ref>
On 10 August 2017, LendInvest launched a listed retail bond on the London Stock Exchange.<ref name=":0" /> The process to raise LendInvest's first retail bond was closed early and oversubscribed.<ref name=":2">{{Cite news|url=https://www.finextra.com/pressarticle/70338/lendinvest-makes-london-stock-exchange-debut-with-50m-raise|title=LendInvest makes London Stock Exchange debut with £50m raise|date=10 August 2017|work=Finextra}}</ref> The retail bond is the first to be issued by a FinTech business and constitutes a fourth funding channel for the company.<ref name=":2" /> LendInvest's first retail bond was added by the Daily Telegraph's Questor share tip column to its £500,000 Income Portfolio on 4 August 2017.<ref>{{Cite news|url=https://www.telegraph.co.uk/investing/shares/questor-525pc-coupon-five-year-term-new-bond-issue-worth-look/|title=Questor: With a 5.25pc coupon and a five-year term, this new bond issue is worth a look|last=Dyson|first=Richard|date=28 July 2017|work=The Telegraph}}</ref>
== References == {{reflist}}
==External links== *[http://www.lendinvest.com Official site]
Category:Financial services companies established in 2013 Category:Financial services companies based in London Category:Companies listed on the Alternative Investment Market