UK based P2P property lending and investment marketplace has raised $39.5m in Series C financing led by Atomico.
The plan will be to use this funding to continue to develop its technology and grow business into more the traditional (and bigger) mortgage business. A spokesperson for the company says there are no plans to extend beyond the UK market for now. LendInvest is currently profitable, albeit modestly, with Ebitda of about $2.8 million on gross group revenues of $70 million in the 12 months that ended in March of this year, and it says this round is likely to be the last before it lists publicly.
https://techcrunch.com/2018/09/17/lendinvest-raises-39-5m-to-grow-its-p2p-property-finance-platform/