Christian Faes, LendInvest’s co-founder and non-executive chair, has launched the primary enterprise out of his new fintech funding agency Faes & Co.
F2 Finance is a bridging finance enterprise within the US, and it’s partnering with know-how companions to lend into the “repair and flip” short-term property market.
It’s the first transfer for the lending-focused funding agency, which Faes launched solely on AltFi a number of months in the past, and has been lending since April.
F2 Finance has been specializing in markets in Texas, Florida and California — although is just not presently lending within the latter — however is now seeking to launch to the broader market with the goal of being a nationwide bridging lender.
“[The US is] an enormous market that’s going by means of a interval of great disruption in the intervening time — very very similar to after we arrange LendInvest within the UK again in 2008,” Faes mentioned.
Faes co-founded LendInvest, a now publicly listed fintech with roughly £3.7bn in funds underneath administration, out of the monetary disaster in 2008.
“We imagine that this disruption presents a very attention-grabbing alternative to enter the US market right now,” Faes continued.
“With this, we shall be launching a portfolio of distinctive and revolutionary merchandise that sit exterior the standard credit score field and constraints that a lot of the market conforms to right here.”
F2 Finance is presently dwell with a tongue-twister providing of “quick and versatile finance for repair and flip buyers” and its personal proprietary funds.
