LendInvest has made appointed a trio of business development managers as it continues its rapid expansion.
Alex Kyriacou joins from invoice trading platform MarketInvoice where he was a partnerships manager working closely with financial intermediaries, banks and accountancy firms.
CeMAP-qualified mortgage adviser Tom Madden joins LendInvest from Gemini Consultants where he spent ten years in a range of advisory and business development roles.
Most recently he headed Gemini’s business development activity specialising in third party loan servicing, financial services consulting and IT.
Alex Strien also joins LendInvest from MarketInvoice where he was a senior funding specialist.
During his three year tenure, Strien helped to launch several new products for borrowers, including contract finance, as well as grow the business’ total funding by more than ten times.
Previously Strien worked as a market reporter at ICIS, the petrochemical market data provider.
Matthew Tooth, head of distribution at LendInvest, said: “Adding Alex, Tom and Alex to our business development team puts us in a strong posiion as we move into 2016 and aim to increase our share of the short-term mortgage market.
“Our BDM team has more than tripled in size since the start of the year, reflecting growing demand for our online lending products, particularly in niche segments of the markets that traditional lenders cannot or choose not to enter.”
LendInvest, which spun out of Montello, the short-term mortgage finance specialist, in 2013, has originated close to £470m of loans for borrowers seeking finance deals lasting up to three years.
To date, the company has focused on bridging deals, but more recently has expanded into development finance loans between £200,000 and £7.5m and up to 65% GDV.