LendInvest’s Crowd Gets Bigger

Sam Cordon

July 26, 2013

The previous minimum investment was £50,000 but Christian Faes, LendInvest co-founder, said: “Since LendInvest launched, we have completed almost £5m of transactions over numerous deals.

“The real advantage with LendInvest is that investors can start earning a return on their investment straight away – investors don’t have to wait around for months on end, to see if enough investors sign up to do a deal.

“We have live deals that are funded and there for investors to take loan parts in.”

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Recent research by the Open Data Institute and supported by the Bank of England, confirms that the UK’s peer-to-peer lending market is growing rapidly, having trebled in size in the last three years. According to the ODI research, the market is set to grow to over £1bn by 2016.

David Serafini, managing director of LendInvest, added: “The recent ODI report shows that there is a huge amount of interest in this asset class.

“There were also a number of really interesting items to come out of the report. One of these was that in over 14 million loan parts that have traded, only a very small handful of these were for large amounts of money (over £50,000).

“So whilst the P2P space is growing rapidly and moving into the mainstream, crowdfunding has a way to go for it to become a mainstream investment for High Net Worth and Sophisticated Investors.”

LendInvest is the only online platform for mortgage lending that is currently live and operating.

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