LendInvest receives highest credit rating
LendInvest has received the highest possible credit rating from European agency ABC Ratings for the second consecutive year.
The rating is based on corporate governance, internal controls, due diligence, data disaster mitigation, management’s experience and the financial health of the company.
ARC Ratings said in a statement: “Over the past 12 months, LendInvest have turned their second operating profit (£3.1m), secured £39m worth of [equity] investment from two institutional investors, established themselves as the largest online property marketplace in the UK, invested substantially in expanding their workforce to match the growth of the business, brought in a new, vastly experienced, head of credit to add a new level of depth and rigour to LendInvest’s underwriting process in addition to expanding and investing in the IT team in order to keep themselves at the forefront of FinTech developments.”
LendInvest was the first marketplace lending business to receive a European rating from a credit rating agency in June 2015.
Christian Faes (pictured), co-founder and chief executive of LendInvest, said: “Lending money is easy; lending it well requires discipline, focus and years of experience.
“Without an exceptional underwriting and loan servicing infrastructure, LendInvest would not be the fast-growing, profitable and well-capitalised business it has become.
“It is hugely gratifying to receive a second top rating from ARC Ratings. It acknowledges the hard work we have put in to develop market-leading underwriting and servicing standards.”