LendInvest, a lender to FinTech companies, has pulled in a £200m investment from the National Australia Bank (NAB,) reports AltFi. The NAB is one of the largest banks in all of Australia.
This is incredibly useful for the investment firm, considering it has been able to generate around £1.8bn of equity and debt from its investors. This ensures that LendInvest is one of the biggest mortgage lenders in the entire space, aside from banks of course. The group has helped out HSBC, Citigroup, Nomura, and has even provided £370m to Buy-to-Let loans. LendInvest also participated in the real estate market recently by providing around £200m to HSBC UK earlier in 2019.
CEO and Co-Founder of LendInvest, Chrisitan Faes, spoke on the matter:
“We’ve now raised almost £2bn in debt and equity for LendInvest, and in many respects we’re just getting started. We have dominated in the short term mortgage market for years, and we’re now bringing our technology and growing distribution footprint, to take market share in the longer-term mortgage market. Securing an additional £200m of funding for our business from NAB is a great example of how the world’s leading financial institutions are partnering with the world’s leading Fintech businesses – and we’re proud to be announcing this partnership today between NAB and LendInvest.”
Just a couple of months ago, in June, LendInvest even became the first Fintech business in the UK to help “securitise” its assets in a portfolio, reports the publication. The portfolio is worth £259m, and was given a AAA rating from Moody’s and Fitch.