LendInvest to increase investment in Luxembourg

The firm has become a fellow of Luxembourg House of Financial Technology (LHoFT), a centre where finance and technology are used to develop new solutions in financial services.

LendInvest to increase investment in Luxembourg

LendInvest has strengthened its presence in Luxembourg as it looks to prepare for a post-Brexit future.

The firm has become a fellow of Luxembourg House of Financial Technology (LHoFT), a centre where finance and technology are used to develop new solutions in financial services.

LendInvest has had a presence in Luxembourg since 2014 when it established its first Luxembourg-domiciled fund. Last year it raised almost £100m of new capital for the fund, which now manages over £150m of assets.

Christian Faes, co-founder and chief executive of LendInvest, said: “Thinking ahead to a post-Brexit world, the make-up of which still isn’t clear, it’s important to us to ensure we’re well established in Europe’s number one investment hub.

“Luxembourg is the obvious mainland European base for us. A solid presence there helps us prepare for whatever the Brexit future might look like.”

He added: “As our presence in Luxembourg grows, we look forward to becoming a more active and engaged advocate for Luxembourg’s FinTech ecosystem, just as we have been in London for a number of years.

“We’ve been impressed with LHoFT's work to forge a vibrant FinTech movement in Luxembourg, which seems to have buy-in from the biggest financial services businesses in the county as well as backing from the government. “

LendInvest will hire additional staff in Luxembourg over the months to come as the company’s fund investment activity expands.