LendInvest has announced a £150m partnership with Barclays and HSBC.
Barclays has partnered with LendInvest for the first time to fund speciality short-term mortgages through LendInvest’s technology-driven platform.
The funding will support the growth of LendInvest’s short term lending business, complimenting HSBC’s existing partnership with the platform to back the expansion of LendInvest’s short-term lending origination activity.
Barclays joins LendInvest’s roster of global financial partners and institutional investors that includes JP Morgan, Citibank, National Australia Bank and HSBC amongst others.
Rod Lockhart, CEO of LendInvest, said: “It has already been a hugely exciting year for LendInvest. With a number of major milestones under our belt, this latest financial partnership only adds to the momentum the business has been gathering over the past 12 months.
As our roster of global financial institutions continues to grow, it has become clear that LendInvest has become the platform of choice for the world’s largest institutions to partner with.
There is a real recognition that the technology and platform we have built, allows institutions to access the highest quality assets in the market – while providing customers with an online and streamlined process unlike any other.”
“Barclays is proud to partner with LendInvest to fund the growth of its bridging finance business,” added Sean White, managing director of securitised products solutions at Barclays.
“LendInvest is one of the leading fintech property lenders in the UK and their knowledge, expertise in the property lending market, and technology-enabled offering makes this a terrific partnership.”