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Online mortgage marketplace LendInvest shrugs off Brexit with 50% jump in investment

Online marketplace mortgage financer LendInvest grew revenues by 133% in 2016 and turned a profit of £3.4 million, accounts show. The London fintech company put out results on Friday showing revenues jumped to £32 million in the year to 31 March 2016, up from £14 million a year earlier. Profit was largely flat on 2015's haul of £3.3 million. LendInvest, which traces it roots back to 2008, lets institutional investors and ordinary savers finance short-term mortgages, where people buy houses that need work, repair them, then quickly sell them on for profit.
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