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FinTech firm LendInvest secures £40m funding from global financial services provider

Peer to peer mortgage lender LendInvest has secured a £40m warehouse funding line from global financial firm Macquarie.

The financing facility, which takes the FinTech startup’s institutional funding to £230m, will help LendInvest continue to fund short-term mortgage as it looks to expand its reach in the market.

The new funding comes off the back of a £22m investment from Chinese technology company, Beijing Kunlun, last June, as well as £17m from venture capital firm Atomico in March 2016.

Christian Faes, Co-Founder & CEO of LendInvest said: “LendInvest is creating the most diverse capital base of any mortgage lender in the market which is a key differentiator for our business.

“By welcoming another significant institution and funding line to our business, we are putting in place the foundations for a very scalable move into longer duration lending and ultimately the mainstream UK mortgage market.

He added: “Macquarie is a leading global financial institution with a proven deep knowledge of the UK mortgage market. We look forward to working with the Macquarie team as we expand our product range with longer term loans that are attractive to them and other capital markets investors.

“This warehousing line will assist us as we move towards being able to securitise our assets for institutional investors.”

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