Lendinvest Secure Cap Ipo

Lendinvest secure cap ipo

LendInvest is a non-bank mortgage lender [8] in the UK,[9] and is a property lending and investing platform.[10] As an alternative Fintech[11][12][13] lender in the property market,[14] LendInvest provides fast finance to property professionals and small and medium-sized businesses (SMEs) around the UK.

It also makes it possible for individuals, corporates and institutions to invest in secured property loans originated and underwritten by its mortgage team.[15]

LendInvest is regarded as one of the leading FinTech companies in the UK,[16] and has been referred to as a 'future billion dollar' business.[17]

LendInvest was launched in 2013 when it was spun out of Montello,[18] a London-based specialist short-term property finance lender.

LendInvest is a privately held company[19] 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.[20]

LendInvest operates throughout the UK with staff based regionally covering Southern England, Northern England and Scotland.[21]

History[edit]

Since 2015, LendInvest has published an independently audited Annual Report on its website.[22] 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.[23]

As at 31 March 2017, LendInvest had lent £811 million to property investors, landlords and developers,[24] and was managing and advising on £412.5 million of facilities on behalf of a range of UK and international investors.[25]

In February 2017, LendInvest published a report entitled "Starting small to build more homes: A blueprint for better policymaking in the property SME market",[26] that revealed that SMEs in the housebuilding sector have been failing at alarming rates,[27] and argues that the government could help to resolve the country's chronic housing shortage by rebooting its strategy to help smaller property firms.[28] The report was formally launched on 21 March 2017 by Conor Burns MP.[29]

In June 2017, LendInvest received a third SQ1 Servicer Quality Rating from European ratings agency ARC Ratings.[30] ARC Rating assesses the process used by LendInvest to originate, underwrite and service property loans.[31]

In September 2016, LendInvest launched the LendInvest Property Development Academy,[32] 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.[33] Academy courses are held in London, Manchester, Edinburgh, Bristol and Birmingham.[34] The Academy was launched in collaboration with the University of Reading[35] and is supported by the Home Builders' Federation.[36] The initiative was attended by the Scottish government in June 2017 when Minister for Housing Kevin Stewart MSP launched the Edinburgh course.[37]

Products[edit]

LendInvest provides bridging finance for borrowers who need certainty of funding within a specific timeframe, and development finance for property developers who need funding to start or exit a project.[38]

LendInvest is creating the most diverse capital base of any mortgage lender in the UK market.[39] On 10 August 2017, LendInvest successfully launched a listed retail bond on the London Stock Exchange.[10] The process to raise LendInvest's first retail bond was closed early and oversubscribed.[40] The retail bond is the first to be issued by a FinTech business and constitutes a fourth funding channel for the company.[40] 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.[41]

References[edit]

  1. ^"Alternative lenders help fill funding gap".

    Mortgage Strategy. Retrieved November 7, 2013.

  2. ^"10 Questions with... Christian Faes of Montello". Bridging and Commercial. Retrieved November 7, 2013.
  3. ^"Second real estate debt fund for Montello".

    Opalesque.

    RELATED ARTICLES

    Retrieved November 7, 2013.

  4. ^"LendInvest off to a flying start". Mortgage Introducer UK. Retrieved November 7, 2013.
  5. ^"P2P mortgage lending platform launches".

    Lendinvest secure cap ipo

    Mortgage Introducer UK. Retrieved November 7, 2013.

  6. ^"LendInvest join the P2P Finance Association". Mortgage Introducer. Retrieved November 7, 2013.
  7. ^"Peer-to-peer mortgage lender launches".

    Every Investor. Retrieved November 7, 2013.

  8. ^Ram, Aliya (21 August 2017). "Peer-to-peer lending websites struggle to attract borrowers".

    Financial Times.

  9. ^Ratcliffe, Madeline (8 January 2016). "Peer to peer mortgage lender LendInvest hits £500m mark".

    Cryptocurrency management consulting firm

    City A.M.

  10. ^ ab"LONDON STOCK EXCHANGE WELCOMES LENDINVEST SECURED INCOME PLC". https://www.lseg.com/.
  11. ^"Lendinvest".

    The FinTech 50. Retrieved 2017-11-01.

  12. ^Finextra (2017-08-10). "LendInvest makes London Stock Exchange debut with £50m raise". Finextra Research. Retrieved 2017-11-01.
  13. ^"Fintech lender LendInvest to launch retail bond offering - AltFi News".

    Choose your subscription

    AltFi. Retrieved 2017-11-01.

  14. ^Weeks, Ryan (19 July 2017). "Fintech lender LendInvest to launch retail bond offering". Altfi News.
  15. ^"LendInvest launches first retail bond for secured property loans".

    Wealth Adviser. 26 July 2017.

  16. ^Smith, Edwin (8 February 2015).

    LendInvest

    "25 fintech companies set for stardom". Raconteur.

  17. ^Williams-Grut, Oscar (20 April 2017). "17 fintech businesses that could one day be worth over $1 billion".

    7 Upcoming IPOs to watch in 2020

    Business Insider UK.

  18. ^Allen, Kate (22 September 2014). "Is peer-to-peer a new home for UK property finance?".

    Navigation menu

    Financial Times.

  19. ^"Structured Finance - Review Report"(PDF). Arc Ratings. 23 June 2017.
  20. ^Palmer, Kate (14 March 2016). "Skype co-founder Niklas Zennström buys £17m stake in peer-to-peer lender". Telegraph.
  21. ^"LendInvest hires Andy Virgo as first BDM for Southern England".

    Business Money. 15 August 2017.

  22. ^Hurst, Samantha (18 January 2016).

    Lendinvest secure cap ipo

    "P2P Lending Platform LendInvest Publishes Annual Report". Crowdfund Insider.

  23. ^Bambrough, Billy (7 October 2016). "Alternative mortgage lender LendInvest posts a 133 per cent rise in revenue as profit flattens out".

    Afraid to get into cryptocurrency

    City A.M.

  24. ^McGagh, Michelle (1 August 2017). "LendInvest 5.25% bond offer closes on Friday". Citywire Money.
  25. ^Norman, Paul.

    Lendinvest secure cap ipo

    "LendInvest adds retail bond to funding sources". CoStar.

  26. ^"LendInvest publishes a blueprint for change to government treatment of property SMEs".

    Lendinvest secure cap ipo

    Housebuilder & Developer. 6 March 2017.

  27. ^Rothstein, Matthew (7 March 2017).

    London Stock Exchange welcomes LendInvest Secured Income plc

    "Turning Around Housebuilding SMEs Might Be The Key To Recovery In The Sector". Forbes.

  28. ^Faes, Christian (7 March 2017). "Entrepreneur housebuilders have been crushed: We must bring them back to life".

    City A.M.

  29. ^"Conor discusses housebuilding". Conor Burns. 19 April 2017.
  30. ^"LendInvest receives highest rating from European ratings agency | Mortgage Introducer".

    Mortgage Introducer. 2017-06-29. Retrieved 2017-11-13.

  31. ^"LendInvest receives highest rating from European ratings agency for third consecutive year".

    Bridging Loan Directory. 2017-06-29. Retrieved 2017-11-13.

  32. ^Lockhart, Rod (6 June 2017). "We must reverse decline of smaller housebuilders". Property Week.
  33. ^"What attendees thought of the LendInvest Property Development Academy".

    LendInvest Said to Be Moving Towards an IPO

    Mortgage Strategy. 22 December 2016.

  34. ^Shoffman, Marc (23 June 2017). "LendInvest launches Scottish Property Development Academy". Peer2Peer Finance News.
  35. ^Lynn, Alex (30 March 2017). "LendInvest's property development academy expands to the North". Development Finance Today.
  36. ^Hall, Robyn (20 January 2017).

    "Home Builders Federation backs LendInvest academy". Specialist Finance Introducer.

  37. ^Mackie, Gareth (23 June 2017).

    The marketplace for mortgages

    "LendInvest launches academy for budding property tycoons". The Scotsman.

  38. ^Jobson, Myron (28 July 2017). "The LendInvest bond promises to pay investors 5.25% with two payments a year until 2022, but should you invest?".

    Cose lunderpricing di un ipo

    This is Money.

  39. ^Turvill, William (28 April 2016). "Peer-to-peer mortgage company LendInvest announces £40m warehouse funding line from Macquarie".

    City A.M.

  40. ^ ab"LendInvest makes London Stock Exchange debut with £50m raise".

    Lendinvest secure cap ipo

    Finextra. 10 August 2017.

  41. ^Dyson, Richard (28 July 2017). "Questor: With a 5.25pc coupon and a five-year term, this new bond issue is worth a look". The Telegraph.

External links[edit]