Christian Faes, LendInvest’s co-founder and non-executive chair, has launched the first venture out of his new FinTech investment firm Faes & Co.
In brief:
-F2 Finance is a bridging finance business in the US, and it is partnering with technology partners to lend into the “fix and flip” short-term property market.
-F2 Finance has been focusing on markets in Texas, Florida and California
-Faes co-founded LendInvest, a now publicly listed fintech with approximately £3.7bn in funds under management, out of the financial crisis in 2008.
What does this mean?
“The US is a huge market that’s going through a period of significant disruption at the moment — very much like when we set up LendInvest in the UK back in 2008,” Faes said.
