"As we move into the buy-to-let market, we’ve been able to leverage our brand within the specialist mortgage market, our distribution channels, and most importantly our technology"
In its full year results for the year ending 31 March 2018, the lender has also recirded increased revenue to £53 million and profit before tax of £1.9 million, marking LendInvest’s fourth consecutive annual profit from operations.
Its lending capital grew 94% to £791 million and the total number of homes funded grew 229% to 2,109.
Christian Faes, co-founder and CEO of LendInvest, commented: “As LendInvest continues to move towards the mainstream mortgage market, we are showing that the investment we’ve made in our proprietary technology is providing an unrivalled platform for growth. As we move into the buy-to-let market, we’ve been able to leverage our brand within the specialist mortgage market, our distribution channels, and most importantly our technology, all of which give us a substantial edge. We have lent more BTL finance in the first few months since launch than we did during our first full four years in business.
“LendInvest is proving that you can be a FinTech business that makes a substantial investment in building technology, uses that as a competitive advantage, and all the while builds a scalable and profitable business. We almost doubled the size of the business last year, with only a relatively negligible increase in our headcount, and importantly remaining profitable which we’ve consistently done for the last four years."
