The new industry association called Digital Finance Forum was founded by Christian Faes and Ian Thomas; it aims to bring...
The bonds have a minimum investment of £2,000 and offer investors a 5.37% return per year until 2023; the offer will close at or before 12 pm on March 29th; Christian Faes, co-founder of LendInvest stated, “We are delighted to be coming back to the market so soon after the successful issue of our first oversubscribed bond in August 2017.” Source
Citigroup will provide funding for mortgages which will eventually be securitized and sold; the terms of the deal were not disclosed; LendInvest has continued to grow loan volumes with 2017 volume at 500 million pounds. Source
LendInvest's retail bond began trading on the London Stock Exchange (LSE) this week, with the offering raising GBP50 million ($65 million) and promoted as the first to be issued by a fintech company; the underlying assets in the bond portfolio include property loans issued by the LendInvest platform; Christian Faes, co-founder and CEO of LendInvest, said: "We launched the bond program to make our asset class available to retail investors through an LSE listed offering because it is a well-established, robust structure that offers customers considerable protections. However, whilst the bond was popular with retail investors, some of the city's largest institutional investors also made significant investments."; the retail bond is the first in a multi-year GBP500 million ($650 million) bond program for LendInvest. Source
If you look more broadly than marketplace lending and look at what is happening across the fintech world, you see large amounts...
Christian Faes, the CEO and Co-founder of UK property lender LendInvest, discusses tech, investment channels, the UK housing crisis, Brexit,...
The platform grew 104% year over year; its investor base includes banks, pension and infrastructure funds, family offices and private clients; According to the company, LendInvest has the largest institutional funding base of any European Fintech lender on record; the platform offers loans made to professional property investors and developers. Source
LendInvest Co-Founder & CEO Christian Faes challenged the UK government to put more support behind small scale developers at the Conservative Party Conference; “There is a clear monopoly in the sector,” says Mr. Faes; to even the playing field LendInvest and others say more regulatory action can help to tip the scales in favor of property entrepreneurs. Source
Marketplace lender LendInvest has launched a new auction finance product to more rapidly service its customers; the firm offers short term property financing; the auction financing product will service brokers and their clients who are seeking funding for properties bought from a real estate auction; the auction product will offer one to 12 month term loans ranging from 75,000 British pounds ($92,775) to 7.5 million British pounds ($9.28 million); LendInvest has originated over 800 million British pounds ($990 million) in loans over the last three years and also recently introduced a development exit product in October. Source
There is big news out of the UK today. In his annual budget, Chancellor of the Exchequer (the equivalent of...
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