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.
With more than £10m of loans written to date and a pipeline of £20m and no defaults to date, Relendex become one of the few peer-to-peer lending platforms who have launched the Innovative Finance ISA in May 2016.
About Relendex:
Since the launch of the platform in 2013, Relendex has provided funding for commercial real estate through their P2P online marketplace lending platform. They bring together many lenders, individuals, corporates and some small institutions. Using the latest technology with great functionality, they connect creditworthy borrowers to lenders to get the funding they need at a fair price. Relendex lenders’ get the lion’s share of the interest, usually between 7 and 10% a year.
Relendex Limited is fully authorised and regulated in the United Kingdom by the Financial Conduct Authority.
