UK fintech firm LendInvest has "evolved from disruptive fintech start-up to established scale-up business", according to CEO Chris Philp, after he announced a long-term partnership with Citi. The latter firm will provide LendInvest with a warehouse funding line, including terms up to 30 years, for use in the UK's £40bn ($52bn) buy-to-let market. LendInvest, which started out as a short-term, peer-to-peer lender, is on track to have the UK fintech sector's largest institutional lending base, and has more than £750m total assets under management.
UK fintech firm LendInvest has "evolved from disruptive fintech start-up to established scale-up business", according to CEO Christian Faes, after he announced a long-term partnership with Citi. The latter firm will provide LendInvest with a warehouse funding line, including terms up to 30 years, for use in the UK's £40bn ($52bn) buy-to-let market. LendInvest, which started out as a short-term, peer-to-peer lender, is on track to have the UK fintech sector's largest institutional lending base, and has more than £750m total assets under management.