Peer-to-peer platform for real estate mortgages, LendInvest, has announced a strategic alliance with Plentific, the property portal and online marketplace.
As part of this strategic alliance, LendInvest co-founders Christian Faes and Ian Thomas have participated in Plentific’s most recent fundraising round and Faes has come on board as a director representing the angel and VC investors in the business.
Plentific.com is a property platform that was founded by ex-investment bankers and property developers Cem Savas and Emre Kazan. They set it up after realising how hard it was to find information when buying a property, get inspiration and find the right home improvement professionals in the UK.
Although there is a lot of information available, the team realised that nobody had organised property search, inspiration, project data or word-of-mouth referrals in one place. Plentific, which stands for ‘plenty’ of ‘fantastic’ resources, is working with hundreds of professionals to aggressively build out its offering to homebuyers, property investors and entrepreneurs.
LendInvest’s Christian Faes, commented: “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.”
Cem Savas, from Plentific, added: “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.”