Property fintech secures £200m investment to boost buy-to-let lending
A property finance firm has secured £200m investment from an Australian financial institution in order to grow its buy-to-let proposition.
London-headquartered fintech LendInvest has secured funding from National Australia Bank (NAB) to grow its secured property loans, specifically in the buy-to-let market.
The funding brings the firm’s total debt and equity raised to £1.8bn, with the business receiving backing from banks such as HSBC, Citigroup and Nomura.
Christian Faes, co-founder & CEO of LendInvest, commented: “We’ve now raised almost £2 billion in debt and equity for LendInvest, and in many respects we’re just getting started.
“Securing an additional £200 million of funding for our business from NAB is a great example of how the world’s leading financial institutions are partnering with the world’s leading Fintech businesses - and we’re proud to be announcing this partnership today between NAB and LendInvest.”
James Versmissen, associate director at National Australian Bank, added: “NAB is delighted to work together with LendInvest and play a role in achieving its growth plans.
“This new warehouse facility underlines NAB’s commitment and capability to support lenders that shape the mortgage market of tomorrow.”
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