LendInvest, a peer to peer lender that targets real estate mortgages, has announced a partnership with Plentific, an online property marketplace. LendInvest has facilitated over £269 million in short and medium term mortgage loans to date making it the largest in the world.
Plentific was founded by ex-investment bankers and property developers Cem Savas and Emre Kazan, after realising how hard it was to find information when purchasing real estate. The platform also incorporates complimentary information and is said to provide “inspiration, project data or word-of-mouth referrals in one place”. Plentific, which stands for ‘plenty’ of ‘fantastic’ resources, states it is working with hundreds of professionals to aggressively build out its offering to homebuyers, property investors and entrepreneurs.
“We have seen a gap in the online property portal market in the UK for a long time, and Plentific are directly targeting this gap. Plentific brings together a much deeper level of information for property investors, than the other property listings sites. There is a natural overlap between LendInvest’s users (for both borrowers and investors) and Plentific’s users, and this strategic alliance is one that we’re very excited about,” said LendInvest co-founder and CEO Christian Faes.
LendInvest co-founders Faes and Ian Thomas have participated in Plentific’s most recent fundraising round and Faes has come on as a director representing the angel and VC investors in the business.
“We really like the guys at LendInvest and what they are doing for the UK mortgage market. They are applying technology to disrupt the property market, very much in the same way that we are seeking to do at Plentific. This alliance makes a lot of sense for us and we look forward to rolling out a range of collaborations with LendInvest in the near future.”