Home / News / Financial / LendInvest Name...

LENDINVEST NAMED MOST VALUABLE TECH COMPANY AT INVESTORS ALLSTARS


Date: 2017-09-29
Christian Faes,mortgage ,technology ,start-up,awards ,investors ,entrepreneurs ,London,investing ,lending,property,marketplace platform,property finance,winner,oscars of the start-up world,Investors Allstars,company,tech,most valuable ,LendInvest,financial,news,newsfeeds24.com,newsfeeds24,

'Oscars of the start-up world' has an exciting new winner and they're looking to disrupt property finance.

This winner in LendInvest, an online marketplace platform for property lending and investing. The company was named the most valuable tech company at the prestigious Investors Allstars event in London on Wednesday evening this week.

This world event, often referred to as the Oscars for the world of entrepreneurs and investors, has been running for 15. The event gives awards for numerous categories within the start-up and technology spheres. It culminated in the selection of the Allstar company of the year.

The winner for this year, LendInvest, is one of the UK's largest non-bank mortgage lenders. The company is looking to disrupt the customer experience of "getting a mortgage" by leveraging technology to make mortgage applications faster and more simple.

The aim is to remove the need to go through traditional banks that tend to have slower systems and processes. Financing comes from both individuals and large institutions and is then invested in bridging and development finance as well as buy-to-let schemes.

So far, LendInvest investors have invested £1 billion (or $1.3 billion) in loans and have reported a 20% growth in revenue in the last year, having been profitable for the last four years.

"We will continue to grow by 50 percent a year and remain profitable in the future," said Christian Faes, Co-Founder and CEO. "The mortgage market is a particularly outdated part of the financial services market. 

When asked about the impact of Brexit on the business outlook, Faes added that "while business slowed down shortly after the referendum we then went on to have our strongest quarter ever. As our investors are sophisticated, they are focused on the opportunity set. The currency weakening has also helped attract new investors on the platform."

 




Article Tags: Newsfeeds24 Newsfeeds24.com News Financial LendInvest Most valuable Tech Company Investors Allstars Oscars of the start-up world Winner Property finance Marketplace platform Property Lending Investing London Entrepreneurs Investors Awards Start-up Technology Mortgage Christian Faes

Recommended


You may also enjoy...

Court  Crime  Newsfeed24.com  News  South Africa  Durban  Murder Siam Lee Murder

The brutal murder accused of Siam Lee granted R40 000 bail...

16 hours ago

Newsfeeds24.com Newsfeeds24 News South Africa SuperSport Ashwin Willemse walk out SuperSport racism investigation Naas Botha Nick Mallet Ashwin Willemse racism

SuperSport investigation reveals no racism connected to Ashwin Willemse's walk out...

21 hours ago

Eskom  Load Shedding  News  Newsfeeds24.com Plant outages

Eskom says best start planning for the upcoming load shedding in SA...

21 hours ago

Newsfeeds24 Newsfeeds24.com News Uber Taxify Uber strike Taxify strike Zoo Lake Johannesburg zoo South Africa

Video: Uber and Taxify drivers threaten to shut Johannesburg down...

1 day ago

Premium Partners
Devmoco newsfeeds24Divicii newsfeeds24Loopascoop newsfeeds24

favicon
newsfeeds24.com © 2018