UK based P2P property lending and investment marketplace has raised $39.5m in Series C financing led by Atomico.
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LendInvest raises $39.5M to grow its P2P property finance platform
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.
