LONDON (ShareCast) - (Sharecast News) - Property finance asset manager LendInvest said in a trading update on Friday that platform assets under management, which represents deployed capital, increased 36% through the financial year just ended.
The AIM-traded firm said it was also 18% higher in the second half of the year ended 31 March, compared to the first half, driven by strong demand for its buy-to-let offering.

Funds under management, which represents committed and deployed capital, increased 18% year-on-year, and 2% from the first half.

LendInvest said that, while headroom at year-end on 31 March of almost £800m supported its expected growth trajectory in the medium term, it was continuing "strong engagement" with investors, and expected to complete a number of transactions in the first half of the new year.

"We have continued to achieve strong growth in platform AuM and FuM, driven by the success of our innovative, proprietary technology and strong demand for our buy-to-let products," said chief executive officer Rod Lockhart.

"It was a huge achievement to pass the £2bn platform AuM milestone in January - it took more than 10 years to reach £1bn in July 2019 and only 30 months to double it.

"Looking forward, I remain confident that our unique offering will allow us to continue to disrupt the market and make property finance simple for more borrowers and investors."

At 1432 BST, shares in LendInvest were up 2.45% at 200.8p.

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