LendInvest has become the first peer-to-peer platform to receive a European rating from a regulated credit rating agency.
LendInvest received a rating of SQ1, from ARC Ratings, which is the highest rating possible from the agency.
The rating was a Quality Assurance Rating, which assessed LendInvest’s ability to originate deal-flow, and its underwriting and servicing capabilities.
Christian Faes, LendInvest CEO, said: “The fact that LendInvest was able to get a rating from a regulated credit rating agency, is a positive step for the whole peer-to-peer marketplace lending market in Europe.
“Credit ratings agencies are understandably cautious when looking at new business models like marketplace lending.
“However, this represents a move towards the mainstream for peer-to-peer and marketplace lending, and a real coup for LendInvest.”
The rating for LendInvest, comes off the back of the news last week that LendInvest has just completed the largest Series A fundraising for a UK fintech business, having raised £22m from a listed Chinese technology company.