Peer-to-peer proptech platform Landlordinvest raises seedfunding

The site, which helps lenders to invest in secured buy-to-let and bridging loans, will use the funds to accelerate its investment in technology

Peer-to-peer protech platform Landlordinvest has raised seed funding in a round led by Alan Gabbay, director of O&H Properties.

The undisclosed amount, gained from the £1bn-valued property investment firm, will be invested in technology.

Allowing lenders to invest in secured buy-to-let and bridging loans for as little as £100, the online platform was made FCA-authorised in December 2016.

Featured in our Just Started section back in February having launched in December 2016, the founding team is made up of Filip Karadaghi, Nikolajs Smirnovs and Joe Vallender.

The trio, who are all landlords themselves, had previously spent time working with investors looking for decent and stable returns without the volatility of the stock market.

With co-founder Karadaghi telling Startups that raising finance had “been one of the biggest challenges that we have faced”, the London-based start-up initially raised finance via angel investors Reece Chowdhry and Lee Josephs – who now sit on its board as advisors.

LNK Capital have also previously pledged finance to small firm, which operates in the £1.4 trillion property finance market.

Karadaghi said:

“We are delighted that we have received backing from Alan Gabbay, Director of one of the largest private property investment companies in the UK. It serves as an acknowledgement that established companies are beginning to embrace the technological innovation of a traditionally offline industry.

“Further, in addition to changing the property industry, our platform is innovating the UK investment industry by making an asset class, previously reserved for the wealthy, available for anyone with at least £100 to invest.”

Gabbay said:

“The rapid success LandlordInvest has enjoyed since its launch proves there is a clear gap in the market for a service that integrates the requirements of landlords seeking financing in a simple and efficient manner or investors seeking returns in a low rate environment.

“Filip and the team are building the next-generation leader in the property finance space and I am delighted to be working with the LandlordInvest team.”


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