London, United Kingdom
Relendex is an alternative lending platform based in the United Kingdom, established in 2013. The company's slogan "Our platform brings together Lenders and Borrowers to fund loans secured on UK residential and commercial property." reflects its core mission. Relendex connects lenders with creditworthy borrowers, offering attractive interest rates to both parties. Notably, all funds lent through their platform are secured on UK commercial property, ensuring security for the transactions.
With the aftermath of the 2008 financial crisis, traditional banks have withdrawn from financing SME housebuilders, leaving a gap in the market. Simultaneously, savers in the UK have been facing low returns in savings accounts. Relendex aims to address these disparities by providing an efficient and accessible platform for secured property lending.
Notably, in November 2018, Relendex achieved a significant milestone with a £72.00M debt financing investment. This investment marks a crucial step in the company's growth and ability to continue facilitating property developments and refurbishments throughout the UK, addressing the housing shortage. The absence of named investors in the last investment round suggests that Relendex could have secured this financing through private or institutional investors, underscoring its appeal and potential in the financial services and real estate industries.
