LANDBAY | EIS Crowdfunding Campaign | Seedrs

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Follow-on - Pre-emption

A Specialist Mortgage Marketplace Lender.

Location: London, United Kingdom

Categories: Finance & Payments Mixed Digital/Non-Digital Mixed B2B/B2C

Investment sought:: £1,877,255

Equity offered:: 4.48%

Funded 13 Feb 2019

Investment amount:: £2,200,815

Valuation (pre-money):: £40,015,124

Idea

Introduction

This is a pre-emption round as we have received direct invest totalling c.£1.85m. Our business model remains the same - solely focussed on BTL and a marketplace Model (including Retail P2P). We will continue to stay focussed as we see a huge opportunity in the £240bn BTL Mortgage.

2018 was a major growth year for Landbay on Multiple metrics. Monthly lending from Jan 18 to Jan 19 grew by c 3x and annual revenue in 2018 was more than 4 x 2017*. In addition we were awarded BTL let of the Year in November 2018.

We still haven't experienced any defaults.

*source: audited accounts for 2017 and unaudited management accounts for 2018

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