Proptech company LendInvest has raised $39.5m in series C funding led by Atomico, with participation from GP Bullhound and Tiger Management. The peer-to-peer (P2P) platform lets British property buyers find alternative finance options to traditional mortgage lending companies. It has loaned nearly $2bn in bridging finance, development finance and buy-to-let finance on 5,000 UK properties since annual. LendInvest will use the proceeds to further develop its technology and enter the traditional mortgage business in the UK.
Proptech company LendInvest has raised $39.5m in series C funding led by Atomico, with participation from GP Bullhound and Tiger Management. The peer-to-peer (P2P) platform lets British property buyers find alternative finance options to traditional mortgage lending companies. It has loaned nearly $2bn in bridging finance, development finance and buy-to-let finance on 5,000 UK properties since 2012. LendInvest will use the proceeds to further develop its technology and enter the traditional mortgage business in the UK.