London, England – Relendex Limited announces that it has completed new round of financing from a group of international entrepreneurs. The proceeds will be used to strengthen the company’s balance sheet and to allow investments in new P2P products and services. Follow-on capital will also be provided to fund further development.
Following the completion of the funding round, Andre Dikouchine is appointed as an executive Director and Ivan Zhiznevskii is appointed as a non-executive Director of the Company. Also, Tom Quigley is appointed as the new non-executive Chairman of the Board of the Company.
Michael Lynn, CEO of the Company, says “Today’s deal is a double win for Relendex Limited; not only have we secured funding to drive further innovation of our offerings but we have also added to our team several high profile talented individuals with international experience.
Tom Quigley, Chairman, says “I am delighted to lead the strengthened management team at Relendex with a mission of providing high credit quality, secured investment opportunities to investors in the UK P2P space through a unique technology platform”.
About Relendex - Relendex Limited is primarily a marketplace for investors seeking a low risk environment that produces higher returns than banks, providing secured lending against commercial and residential properties in many cases producing income from tenants. Relendex Limited is regulated in the United Kingdom by the Financial Conduct Authority (‘FCA’) under the ‘interim permission’ provisions for Peer to Peer lenders.
About 3S Investments – 3S Investments Ltd is a UK investment vehicle backed by Andrei Dikouchine, Ivan Zhiznevskii and Stan Zablotskiy. Andrei is a visiting lecturer at the London Business School and a senior corporate finance banker formerly with Citibank, Deloitte and KPMG. Ivan is an experienced finance and media executive. Stan is a strategy and management consultant formerly with Roland Berger. The founders of 3S Investments have more than 40 years of combined professional experience with particular focus on new media, tech and real estate.
About Tom Quigley - Tom is the founder of Cloudberry Corporate Advisers based in Jersey, Channel Islands and was formerly a Managing Director at Close Brothers Corporate Finance and ING Barings Investment Banking in the City of London and a Director at Terra Firma. Tom was also formerly a founding shareholder and Chairman of Sancus, a Channel Islands based peer-to-peer lender which was sold for £37m in 2014.
Nick Booth of Trust Link Consulting who introduced 3S Investments to Relendex had a senior private banking career at Merrill Lynch in Jersey and will continue to bring opportunities to the platform.
