Property finance hub Lendinvest picks banks for £500m float

Lendinvest maintains that it is not a conventional peer-to-peer lender because the money that finances its loans is provided by institutions or high net worth individuals, rather than retail investors.

Lendinvest most recently raised money in September last year, when it secured $39.5m of new debt and equity in a Series C funding round. A source close to the company said earlier this month that a public listing was only one of a number of options that Lazard would help its board consider.

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