U.K. online mortgage marketplace LendInvest Ltd. is poised to expand its capacity to lend in the country's buy-to-let sector after securing a £200 million investment from National Australia Bank Ltd.
CEO and co-founder Christian Faes said the company has now raised nearly £2 billion in debt and equity from investors. Earlier in April, LendInvest secured up to £200 million in funding from HSBC Holdings PLC.
The company has so far provided more than £370 million in loans since it launched its buy-to-let product in late 2017.
In March, LendInvest reportedly mandated Goldman Sachs Group and Barclays as joint global coordinators and BNP Paribas as a book runner on its potential £500 million IPO, which could take place in 2019.
