LendInvest to increase presence in Luxembourg

LendInvest is set to boost its presence in Luxembourg as it has become a fellow of the Luxembourg House of Financial Technology (LHoFT).

The specialist lender has had a presence in Luxembourg since 2014, when it established its first Luxembourg-domiciled fund.

Last year, LendInvest raised almost £100m (approximately €114m) of new capital for the fund, which now manages over £150m (approximately €170m) of assets.

The fund receives investment from international investors, including banks, pension and infrastructure funds, family offices and private clients from the UK, mainland Europe, the Middle East and Asia.

LendInvest said that it would be hiring additional staff in Luxembourg over the coming months as the company’s fund investment activity continues to grow.

As the newest member of the fintech innovation hub LHoFT, LendInvest will work actively with the rapidly growing fintech sector in Luxembourg.

“As our presence in Luxembourg grows, we look forward to becoming a more active and engaged advocate for Luxembourg’s fintech ecosystem, just as we have been in London for a number of years,” said Christian Faes, co-founder and CEO at LendInvest (pictured above).

“We’ve been impressed with LHoFT's work to forge a vibrant fintech movement in Luxembourg, which seems to have buy-in from the biggest financial services businesses in the country, as well as backing from the government.

“Thinking ahead to a post-Brexit world – the make-up of which still isn’t clear – it’s important to us to ensure we’re well established in Europe’s number one investment hub. 

“Luxembourg is the obvious mainland European base for us. 

“A solid presence there helps us prepare for whatever the Brexit future might look like.”

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