Online lender LendInvest has appointed its first head of distribution.
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div>Online lender LendInvest has appointed its first head of distribution.
Matthew Tooth brings with him 20 years’ of financial services experience and will be responsible for improving the lender’s distribution channels, as well as the processes used to connect borrowers, brokers and investors.
Matthew joins having spent 15 years at IG Group where he held several managerial roles including interim CFO and Business Development Manager.
Matthew said: “Combining mortgage market experience with technology know-how, drive and ambition, Christian and his team have created an online business model that is gaining traction in a traditionally ‘offline’ market.
“By ensuring that we do things with the speed, transparency, efficiency and authority that our investors, brokers and borrowers value most, LendInvest has the potential to become a leader in the UK mortgage market which is ripe for transformation.”
LendInvest has originated nearly £400m worth of loans lasting between one month and three years since it was spun out of Montello in 2013.
Christian Faes, Co-Founder & CEO of LendInvest, said: “Adding Matt to our senior management team is a coup for LendInvest as we gear up to increase our share of the short term mortgage market.
“As he builds on our reputation for quality service and technology, Matt can draw on his rare professional experience from his career at IG Group, one of the biggest FinTech success stories of the last ten years,” added Christian.
“At LendInvest we will lend three times more this year than we did in 2014; and we are targeting significant growth over the next few years. It takes a major investment in talent to prepare and cater for that sort of growth and Matt is an awesome addition to our management team.”
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