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. In an interview with Business Insider, Fares said that his company was looking at ways of using blockchain technology and artificial intelligence (AI) to improve its existing lending product by making it more efficient
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.