Bulletin

Chinese group backs UK peer-to-peer lender

Chinese-listed technology company Beijing Kunlun is to invest £22m in British peer-to-peer lending platform LendInvest. The deal will provide LendInvest with financing to accelerate growth as it plans for an initial public offering in the next year. LendInvest has financed £300m of loans so far and achieved a £3.1m profit last year. Beijing Kunlun chief executive Yahui Zhou will join LendInvest's board as part of the deal. The transaction is the first round of external funding in LendInvest. There have been several recent tie-ups involving Chinese companies seeking to tap the booming P2P sector in the UK and US. Alibaba teamed up with two alternative lenders in the UK in March to help British SMEs to enter China.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

Other Articles

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin
Spain

Santander takes 12 UK food and drink manufacturers to Spain on one of our successful trade missions. Adam Payne in the international team…

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin
Getting a taste for Spain!

Santander takes 12 UK food and drink manufacturers to Spain on one of our Trade Missions. Alicia Ferrero Vega in the International team…

Bulletin

Where Next?