LendInvest hits £300m as automatic investing takes off

LendInvest launched from short-term bridging lender Montello back in 2013 and has now a leading peer-to-peer marketplace for mortgages.

Co-founder and CEO Christian Faes admitted that when LendInvest was set up they didn’t really know how it would be received.

“However, it became clear pretty quickly that investors are looking for alternative investments, and LendInvest provides investors with a great return that is secured against property,” said Christian.

“LendInvest offers investors the ability to ‘invest in a mortgage’ and another way to gain exposure to the UK property market. This is understandably exciting and is being extremely well received by investors.

The news comes as LendInvest launched its new feature, Auto-Invest, which allows investors to select a criteria of loans they are comfortable with and when a loan comes onto the platform that meets their criteria, they are then set up to automatically invest in it.

“LendInvest is now one of the largest P2P platforms in the UK, and one of the fastest growing platforms globally,” added Christian.

“We are widely recognised as being part of the leading pack in this new industry, which is hugely exciting.”