LendInvest, a London, UK-based online marketplace for property finance and investing, received a £200m investment from the National Australian Bank.
The National Australian Bank joined a roster of global financial institutions that invest in the company’s loans, including banks such as HSBC, Citigroup and Nomura.
The company intends to use the funds to expand its capacity to lend in the Buy-to-Let market.
Led by Christian Faes, Co-Founder & CEO, LendInvest is an online platform for property finance. Since launching in 2008, the company has lent over £2 billion to property investors, landlords and developers across the UK.
Since the launch of its BTL product in November 2017, LendInvest has so far lent more than £370m in BTL loans through the online platform.
Earlier this Summer, the company became the UK’s first fintech business to securitize its own portfolio of assets worth £259m.