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LANDBAY

Follow-on - Pre-emption

A Specialist Mortgage Marketplace Lender.

EIS

Location
London, United Kingdom
landbay.co.uk

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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Investing carries risks, including loss of capital and illiquidity. Please read our Risk Warning before investing.

Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Please read the Risk Warnings before investing. Investments should only be made by investors who understand these risks. Tax treatment depends on individual circumstances and is subject to change in future.

This webpage has been approved as a financial promotion by Seedrs Limited ("Seedrs"), which is authorised and regulated by the Financial Conduct Authority. It is not intended to be a promotion of any individual investment opportunity and is not an offer to the public. The summary information provided about investment opportunities on this webpage is intended solely to demonstrate the types of investments available on the Seedrs platform, and any investment decision should be made on the basis of the full campaign. Full campaigns are available to investors who have become authorised to invest on the Seedrs platform. All investment activities take place within the United Kingdom, and any person resident outside the United Kingdom should ensure that they are not subject to any local regulations before investing.

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This business is eligible for SEIS relief - providing qualifying investors with income tax relief of 50% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.
This business is eligible for EIS relief - providing qualifying investors with income tax relief of 30% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.