Lendi complete another round of capital raising

Lendi complete another round of capital raising
Lendi complete another round of capital raising

The online mortgage broker Lendi has completed its latest round of capital raising.

The AFR's Street Talk column wrote Lendi recently ruled off a $25 million capital raise.

It was oversubscribed with support from some existing shareholders, sophisticated investors and a number of blue-chip Australian institutions.

The company is seeking to take more than its current one per cent last year of the market. 

Lendi is 40 per cent owned by founders and employees, having been founded by David Hyman, Sebastian Watkins, Martin Lam and Mark Kalajzich.

Its shareholders include Bailador and Macquarie Group.

The company initially raised $3.1 million from high net worth investors to scale the business nationally.

In 2014 its secured a further $6 million.

It now has 200 team members across four offices.

Tags: 
Home Loans Mortgage Brokers

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