Investment Aug 2018 | Assembly Capital Partners FinTech I LP

Landbay is a marketplace lending platform which prices and arranges UK buy-to-let mortgages without itself taking on credit risk. Funding for loans comes from both retail and wholesale investors. The borrowers – often sourced from mortgage brokers – are professional landlords. This is an area of lending in which market share continues to move from the traditional banks to specialists. As the FinTech ecosystem keeps evolving, we expect banks to increasingly outsource specialist areas of origination to firms such as Landbay.

Landbay is experiencing exceptional growth in origination; credit quality remains excellent. There is strong demand from investors for the loans Landbay originates and its digital product offering is highly attractive to mortgage brokers who intermediate most of the professional landlord buy-to-let segment. Landbay’s current growth rates should see it reach breakeven and move into profit during 2019. As the firm continues to take market share, future growth in origination volumes is projected at high levels even if the overall market slows.

Landbay, founded by CEO, John Goodall, originated its first buy-to-let mortgage in 2014. Both Michael and David are Angel investors in Landbay; Michael from early on and over several rounds. Michael is a member of the Board.

Data today strongly suggests that Landbay’s leadership team has created a robust business model. Business volumes (loan originations) are growing rapidly with zero loan defaults since inception. Profitability is forecast for 2019. Landbay’s focus can turn to scaling the business and ACP is delighted to be able to support the team as they do this.

Last updated: January 2019

Investment Aug 2018 | Assembly Capital Partners FinTech I LP

Brismo provides independent standardized verification of the lending track records of marketplace lenders.

The analytics from Brismo are important to providers of debt capital – they can compare origination from different platforms in a way that would otherwise be difficult or impossible.  Platforms, meanwhile, benefit from expanded access to sources of institutional funding so that they can scale their businesses.  Brismo is building a critical component of the marketplace lending ecosystem.

The firm has strong market positions in the US, UK and Continental Europe and is expanding into China and other Asian markets.  We believe it is the global leader in the sector and is well-positioned to be the industry standard.  In time we can see Brismo expanding its data offering to non-marketplace lenders.  ACP is excited to support Brismo on this journey.

The Link Group sponsors Brismo’s UK Marketplace Lending Index.  Brismo was selected as part of Technation’s first FinTech cohort.

Michael is Chairman of the Board.  Michael is an Angel investor in Brismo (from an early stage and over several rounds).

Last updated: January 2019
 
 
 
 
 
 
 
 
 
 

Investment Sep 2018 | Assembly Capital Partners FinTech I LP

PayKii provides a hub of functionality that money transfer firms can link to and thus offer their retail customers cross-border bill payment. We believe cross-border bill payment of – for example utility bills or insurance premia – should be attractive to the consumer as it means workers abroad can ensure their funds sent home are used for precisely the purposes intended.

Interest from money transfer firms is strong, especially amongst the US majors and in the UAE. In the US, the PayPal Group (through Xoom) is a client and PayKii recently entered into trials with Western Union. Bill payment capability is now available to Western Union’s US clients both via App and in selected physical locations. PayKii is set to continue to build out its book of billers (today 600+) and payment channels.

Both David and Michael are Angel investors in PayKii. Michael is on the Board.

Last updated: January 2019
 
 
 
 
 
 
 
 
 
 
 
 

Investment Sep 2018 | Assembly Capital Partners FinTech I LP

AuditXPRT applies Artificial Intelligence technologies to create intuitive and powerful tools for the automation of compliance and audit. AuditXPRT was selected for the 2018 cohorts of both the Barclays Techstars London and the Supercharger Malaysia accelerators.

The firm’s initial client focus is on banks and ACP looks forward to working with AuditXPRT on the application of these transformational technologies to compliance challenges within the financial services sector.

ACP has the right to act as a Board observer or to take a Board seat.

Last updated: January 2019
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Investment Dec 2018 | Assembly Capital Partners FinTech I LP

Instanda is one of the hottest insurtech firms in the world. Instanda’s software (the firm operates a SaaS model) allows clients to create and distribute insurance products at a fraction of the cost of incumbent systems and much more quickly. The firm was founded in 2012 by Tim Hardcastle and Derek Hill. Tim, the Instanda CEO, is a former CIO of the major insurer, Hiscox.

The insurance industry has shown a huge appetite for what the Instanda platform can deliver – not just massive cost savings but strategically important levels of agility and much-reduced operational risks. Some of the largest insurers in the world across the UK, Europe and the Americas are now clients.

Both Michael and David are Angel investors in Instanda and Michael joined the Board even before he led the first external round of funding. ACP is delighted to be working with Instanda as it scales not just globally but across the insurance product spectrum (P&C, Life, Health) and insurance models (carriers, MGAs, brokers and, ultimately, re-insurers).

Last updated: January 2019
 
 
 
 
 
 
 
 
 
 
 
 

For details of Michael’s Angel Investments please see www.assemblycapitaladvisors.com

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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