LendInvest says it has seen significant growth in investment requests, since it dropped its minimum investment amount to £1,000 at the end of 2014.
In late December, LendInvest reduced its minimum investment amount from £10,000 to £1,000. Since opening up the platform to smaller investors, the platform has experienced a 52% increase in investment requests.
When it launched in May 2013, LendInvest initially had a minimum investment amount of £50,000. This was subsequently reduced to £10,000, and the platform now allows investors that are wanting to invest £1,000 upwards.
Christian Faes (pictured), LendInvest’s CEO, said: “We have made a huge investment in the development of our technology, and we now have a platform that has the foundations to scale significantly. We wanted to make sure that we could cope with the increased investor interest in LendInvest, and had the most robust system possible, before we opened up the platform to the everyday investor.
“The returns that LendInvest gives investors are of the best in the peer-to-peer market. These investor returns all come with the comfort that the loan is secured by first registered charge against UK property, and underwritten by an experienced lending team with a track record of over six years.”