LendInvest reports 91% loan origination growth

LendInvest has revealed that total loan originations increased to £536m in the year ending 31st March 2018, up 91% on the previous period.

The marketplace platform for mortgages also saw revenue increase to £53m, while lending capital grew 94% to £791m.

Profit before tax stood at £1.9m, resulting in LendInvest’s fourth consecutive annual profit from operations. 

Highlights for LendInvest during the year included growing the number of homes it funded by 229% to 2,109, the launch of its BTL product and listing the first tranche of a £500m retail bond programme on the London Stock Exchange.

“As LendInvest continues to move towards the mainstream mortgage market, we are showing that the investment we’ve made in our proprietary technology is providing an unrivalled platform for growth,” said Christian Faes, co-founder and CEO at LendInvest (pictured above). 

“As we move into the buy-to-let (BTL) market, we’ve been able to leverage our brand within the specialist mortgage market, our distribution channels and, most importantly, our technology, all of which give us a substantial edge. 

“We have lent more BTL finance in the first few months since launch than we did during our first full four years in business.”

LendInvest currently manages over £820m on behalf of all types of investors, who have lent almost £1.4bn of mortgage finance throughout the UK.

“LendInvest is proving that you can be a fintech business that makes a substantial investment in building technology, uses that as a competitive advantage, and all the while builds a scalable and profitable business,” added Christian. 

“We almost doubled the size of the business last year, with only a relatively negligible increase in our headcount, and importantly remaining profitable, which we’ve consistently done for the last four years.”

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