LendInvest hires distribution head
Tooth joins the bridging lender after spending 15 years at IG Group, a global online trading platform, most recently as business development director.
Christian Faes, co-founder & chief executive LendInvest, said: “Adding Matt to our senior management team is a coup for LendInvest as we gear up to increase our share of the short-term mortgage market. As he builds on our reputation for quality service and technology, Matt can draw on his rare professional experience from his career at IG Group – one of the biggest FinTech success stories of the last ten years.
“At LendInvest we will lend three times more this year than we did in 2014; and we are targeting significant growth over the next few years. It takes a major investment in talent to prepare and cater for that sort of growth and Matt is an awesome addition to our management team.”
Since it spun from Montello in 2013 LendInvest has originated close to £400m of loans borrowers looking for finance between one month and three years.
Tooth said: “Combining mortgage market experience with technology know-how, drive and ambition, Christian and his team have created an online business model that is gaining traction in a traditionally ‘offline’ market.
“By ensuring that we do things with the speed, transparency, efficiency and authority that our investors, brokers and borrowers value most, LendInvest has the potential to become a leader in the UK mortgage market which is ripe for transformation.”