Relendex are pleased to announce that we have joined the NACFB as Patrons. The NACFB is the UK’s trade body for commercial finance brokers established in 1992. As a peer-to-peer lender specialising in commercial property, supporting the NACFB has been a natural decision.

Since the launch of our Resale Marketplace in November 2016, more than £1 million worth of Loan Parts has been traded on our secondary market. This shows that lenders have really taken to the Resale Marketplace where they are able to buy and sell Loan Parts at par with no fees charged.

London, England – Relendex Limited announces that it has concurrently completed the rights issue and a new round of financing from new investors. The proceeds will be used to allow further investments in new technology and services. The latest investment places the company at a £6 million post-money valuation on a fully diluted basis.

Michael Lynn, founder and CEO of Relendex reveals further FinTech development plans: We are constantly improving the platform functionality and the services we offer to our customers. Our focus is now on creating a Payment Gateway, AutoLending and the development of a Mobile App.

Since peer-to-peer is all about giving power to the people, it only made sense for us that those ‘people’ not be restricted to only those in the UK. We have always been open to international lenders albeit with a different due diligence process. But we want to make the process even more seamless for individuals living abroad who want to lend money with us.

As they say, good things come to those who wait. But now the wait is over!

With the numbers released yesterday that inflation in the UK has increased to 2.7% (the fastest rate of increase since September 2013), it is no wonder that people are looking for ways to put their money to work. This may explain the growth of the peer-to-peer (P2P) sector as investors look to alternative asset classes to make a return.