9 years ago

LendInvest Secures £17 Million Series B Funding from Atomico

  • LendInvest, a UK-based online marketplace for property finance, has secured a £17 million Series B investment from Atomico, the venture capital firm founded by Niklas Zennström, the co-founder of Skype

  • This investment follows LendInvest's previous £22 million Series A funding from Beijing Kunlun in June 2015, bringing the company's total institutional funding to over £200 million

  • LendInvest plans to use the new funding to accelerate its technology development, expand its product teams, and further solidify its position in the property finance market.

      • ProblemFinancial Services

      "Mortgages are traditionally offline, slow, and opaque, making it difficult for borrowers to get a good deal and for investors to find attractive returns."

      Solution

      "LendInvest is an online marketplace for property finance that uses technology to make mortgages faster, more transparent, and more efficient for both borrowers and investors. They offer a platform that connects borrowers with investors, allowing for faster loan processing and more competitive rates."

      Covered on