LendInvest, a peer to peer lender in the commercial property sector, has a good problem. Business is really strong. The young lending platform has doubled its staff from 30 at the beginning of they. Demand for its online lending services means it expects to hire 40 more full-time employees in the coming months. According to LendInvest, 24 new positions are open immediately.
Ian Thomas, co-founder and Director of Lendinvest, explained, “We are on an established path to extending our market share over the next 24 months. Investing in talent now is crucial, as we prepare and cater for that sort of growth in the bridging, development and buy-to-let sectors.”
Several months back, LendInvest announced a sizeable £22 million capital injection from Chinese investors. On top of the growth capital, LendInvest recently posted an operating profit of £3.1 million. The lending platform was profitable the year prior as well.
“Speaking from recent experience, it is an exciting time to join a company that has a growth trajectory like LendInvest’s,” stated Matthew Tooth, Head of Distribution. “We look forward to welcoming many new joiners whose professional experience and commitment will contribute towards our performance over the long term.”
LendInvest expects to move to new, larger offices near Oxford Circus in London by the end of the year to accommodate the expansion plans.