Buy-to-let lender's tech wins award

Buy-to-let lender's tech wins award

A buy-to-let lender has been named as one of the fastest growing companies in Deloitte’s UK Technology Fast 50 awards.  

Landbay came in 20th place in the index, which ranks the country's 50 fastest growing technology companies based on revenue growth over the last four years.

The buy-to-let lender recorded a growth rate of 1,467 per cent over the last four years.

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In first place, Deliveroo recorded a growth of 15,749 per cent and online payment platform came second with a growth of 15,548 per cent.

In November Landbay surpassed lending volumes of £200m, supported by a workforce growth of 70 per cent since the start of the year.

John Goodall, chief executive and founder of Landbay, said the company’s growth over the last four years has been "phenomenal".

He said: "This year alone has seen us expand our distribution channels on the lending side, with growing demand for our product across the UK.

"Being recognised for this growth is a testament to the hard work of our team, and to the success of our specialist lending model which provides brokers with a tailored approach to underwriting and secures faster funding for their clients."

A Landbay spokesperson said they predict the private rental sector will have a key role to play in the future housing landscape. 

They said: "This accolade is evidence of the scale of the opportunity in the UK’s rental market; with fundamental issues remaining around housing supply, the need for a range of housing tenure will remain high for many years to come.

"Landbay’s responsible approach to lending means it provides experienced landlords with the funds to deliver a positive experience for their tenants."