London based platform that finances landlords to help them buy properties to rent out raised £1b from an undisclosed financial institution to finance mortgages on its platform.
“The £1 billion in funding is coming from a major financial institution, cementing another flagship partnership between traditional finance and fintech. It’s another fantastic example of London’s thriving fintech sector, even in the face of political and economic uncertainty,” said John Goodall, CEO of Landbay. “We have spent the last five years investing in technology, building a platform that we’re proud of. Our lending volumes coupled with a successful few years of award wins prove that our market model is popular with investors, borrowers, and brokers alike.”