By Daniel Lanyon on 12th August 2019
NAB will fund LendInvest loans via a new warehouse facility.
Fintech lender LendInvest has received £200m investment from one of Australia’s largest banks: the National Australia Bank (NAB).
LendInvest has now raised over £1.8bn of debt and equity from investors, making it one of the largest non-bank mortgage lenders in the country. It has lent more than £370m in Buy-to-Let loans. Other investors in LendInvest’s secured property loans, include banks such as HSBC, Citigroup and Nomura.
LendInvest also received a £200m funding line with HSBC UK earlier this year, to enter the regulated homeowner loan market for the first time.
Christian Faes, Co-Founder & CEO of LendInvest, said: “We’ve now raised almost £2bn in debt and equity for LendInvest, and in many respects we’re just getting started. We have dominated in the short term mortgage market for years, and we’re now bringing our technology and growing distribution footprint, to take market share in the longer-term mortgage market.
“Securing an additional £200m of funding for our business from NAB is a great example of how the world’s leading financial institutions are partnering with the world’s leading Fintech businesses - and we’re proud to be announcing this partnership today between NAB and LendInvest.”