LendInvest grows by a third after AIM listing

LendInvest has increased its assets under management by more than 30% over the past year to £1.8bn. In a trading update for the six months to the end of September, the asset manager for property finance said that the increase had been driven largely by record business in the buy-to-let market. It added that its funds under management also grew by almost 40% to £2.9bn, driven by the increasing scale of its financial partnerships and new transactions. Chief executive Rod Lockhart said: “We have achieved strong growth in platform AUM and FUM,” adding: “I remain confident our unique business model will allow us to continue to disrupt the property finance market for the benefit of all our stakeholders.” LendInvest was founded 13 years ago but joined the AIM in July 2021, raising £40m to invest in its proprietary technology. It believes that this technological edge allows it to disrupt the £1.6tn property finance market. To send feedback, e-mail piers.wehner@eg.co.uk or tweet @PiersWehner or @EGPropertyNews