Online peer-to-peer mortgage lender Landbay has announced that it has received investment from tennis player Andy Murray OBE as part of its current Seedrs fundraising campaign.
Landbay is back for its fifth Seedrs raise since December 2013. The proptech lender focuses on prime residential mortgages and claims to be the UK’s fastest growing peer-to-peer platform.
The current Seedrs round, which runs until March, has so far raised over £1.2m, exceeding Landbay’s initial target and enabling the company to focus on scaling its retail customer base.
Commenting on the investment, Landbay CEO John Goodall said, “We are delighted Andy Murray has invested in Landbay through our Seedrs campaign.
“Landbay helps people prosper from investing in British homes, one of the safest and best loved investment asset classes available, and the funding received from this Seedrs fund raise will continue to help Landbay democratise investment in the sector.”
Landbay now completes more than £5m each month in new peer-to-peer mortgages. It has previously raised approximately £3m in private equity investment from both institutional and retail investors.
The platform recently published its full loan books online – including borrower rates – as well as becoming the first platform to undergo Bank of England standard stress tests with fully published results.