P2P LendInvest secures £17m investment

iStock_000049827706_SmallPeer-to-peer online mortgage platform LendInvest has completed a £17m raise. The money comes from Atomico, the VC firm specialising in tech, and founded by Skype co-founder Niklas Zennström.

The round brings LendInvest’s total investment to over £200m, and follows a recent £22m backing from Chinese tech firm, Beijing Kunlun.

“To receive this backing from Atomico is a rare example of a VC firm whose founder has first-hand experience of building a multi-billion dollar, fast-growth technology company” says Christain Faes, co-founder & CEO of LendInvest.

Mattias Ljungman, Atomico partner enthused: “We’re impressed with Christian and Ian’s vision and ambition to disrupt the established lending industry”. Their lending and borrowing marketplace is bringing speed, efficiency and transparency to a traditionally cumbersome process.”

“We’re excited about working with the team to ensure that their great product is underpinned by the best technology, and to take their business to the next level”.

Since 2013, LendInvest has allegedly lent £560m to support 2,100 financing projects across the UK. A spokesperson for the company has announced LendInvest will use the funds to extend its lend in the property market. 

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