P2P platform sees strong growth in investors

By Daniel Lanyon on 15th March 2018

P2P/Marketplace Lending

Over the past 12 months Lendy has seen its investor base grow by more than 50 per cent.

P2P platform sees strong growth in investors

P2P lending platform Lendy has grown its investor base to 20,000 in the past year, according to a statement by the firm, representing a more than 50 per cent increase.

The secured property lender has seen strong demand in particular from investors under 40 years of age. It had 13,000 investors in total a year ago, it says. Investors aged below 40 now represent 50 per cent of the property platform’s investor base.

Investors, Lendy adds, have now received more than £37m in interest from Lendy loans since inception in 2012, up from £16m at the end of 2016. The total value of loans originated through the platform is now more than £373m including a £2.3m secured against a luxury apartment in Cheyne Gardens, Chelsea.

Formally known as Savings Stream, with a specialism of loans secured against yachts, Lendy is now purely in the secured property lending market. It sponsored the prestigious Cowes Week sailing regatta last summer.

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