Lending August 13, 2019

UK’s LendInvest secures £200mn from National Australia Bank

UK’s LendInvest secures £200mn from National Australia Bank

UK mortgage lender LendInvest has recieved £200mn in funding from the National Australia Bank (NAB). 

In brief: 

  • The firm is now one of the largest non-bank mortgage lenders in the UK.

  • The funding will be used to expand the company’s capacity to lend in the UK’s buy-to-let market.

  • NAB joins other notable investors including HSBC and Citigroup.

What does this mean?

It’s a positive sign to see another big name invest in the UK FinTech, which securitised its assets in June this year, gaining a rating of AAA from Moody’s and Fitch. According to CEO Christian Faes, the firm is “just getting started”.  

Read more here.

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Written by FinTech Alliance

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