The institutionally funded lender enjoyed a strong 2018, granting new bridging and development loans worth £139m.
Fiduciam launched its offering in both Spain and France in 2018 and strengthened its position in the Netherlands with the opening of its new office in Utrecht last February.
“Fiduciam’s loan book is well positioned with its exposure being well diversified both geographically and across different sectors,” said Clint White, head of property lending at Fiduciam (pictured above).
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“2019 promises to be a more challenging year for the lending industry in general, with widening credit spreads, falling real estate prices in certain parts of the UK and the Brexit risk, however, we are confident our positioning will allow us to take advantage of this environment.
“We believe that our growth target for 2019 is realistic, yet the primary focus remains the quality of the loan book.”
The Fiduciam marketplace lending platform was established to cater for UK and international businesses and its current team of 35 combines 14 nationalities and speaks 12 languages.
At present, Fiduciam lends against security in the UK, Ireland, Spain, the Netherlands and France.
To support its 2019 lending growth and strategic platform expansion plans, Fiduciam aims to hire 25 additional members of staff over the next few months, including case managers, underwriters, business developers and loan servicers.
Johan Groothaert, CEO at Fiduciam, added that it was now making the transition from platform development to ramping up the production.
“It has taken us nearly three years to develop a very advanced technology and legal platform, and we have achieved this while keeping the business cash flow positive, ensuring the sustainability of our growth model.
“This year, we intend to roll out new industry-defining algorithmic technology, increasing our case management and underwriting efficiency.
“2019 will also be the year we make a substantial investment in human resources, with the focus being on university graduates and people early in their careers to provide them with a steep growth path in the years to come.
“Fiduciam is still in the early stages of its development and the vacuum left by the banks is huge; this is a long-term game.”