Chinese technology company Beijing Kunlun just invested £22 million ($34.2 million) in peer-to-peer mortgage lender LendInvest in the biggest Series A round so far in British fintech.
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LendInvest raises biggest Series A round in UK fintech so far
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He added: "LendInvest are re-thinking the whole mortgage process, and using technology to provide an unrivalled experience for borrowers, and a superior return for investors. Peer-to-peer is a relatively broad church, and it has made significant inroads in the consumer and SME lending space already, and now we're using it to disrupt the mortgage market in the UK." A Financial Times report hinted that an IPO might be on the cards in the next year. Faes told us that he can confirm the company would like to move towards one, but an IPO is not something that's imminent.
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