Lendy – The Property Platform has just turned five and we’d like you to help us blow out the candles.
To celebrate this milestone we want to giveaway £5,000 to the first investor to be drawn from a hat who invests an additional £5,000 on the platform by November 9th 2017. There's also a £500 investment top up for the next name drawn, five £50 M&S vouchers for the next five, and £25 M&S vouchers for the next 10 investors.
To stand a chance of winning, simply, invest £5,000 on the platform by November 9th 2017. For all terms and conditions please click here.
Lendy opened for business on October 9th 2012, armed first with a small sum of capital to lend, against secured marine assets that were held in its possession, in as safe a manner as possible.
Once the financial model was proven, we moved into the property bridging and development finance markets, and after unprecedented growth in this sector over the past few years, property is now our sole focus.
Today, Lendy is one of the fastest growing P2P property platforms, having lent around £335m via our 17,600 plus community of investors. In 2017 alone, we have added over 6500 new users and almost £90m in new money to lend. On October 4th Lendy repaid to its lenders the largest P2P loan in the sector totalling £7.92m.
Five years on, we are one of the only profitable fintech property platforms, generating over £2.7m in profit in 2016. This success is partly because we have always taken a cautious approach, scaling up only when we felt the business could sustain the expansion. But we've also managed risk carefully, and always striven to strike the right balance between loan supply and investment demand. We are also privately owned, with no bank debt or venture capital investment.