Former ETX CEO Arman Tahmassebi Joins LendInvest as COO

Shortly after leaving ETX Capital, the broker’s former CEO, Arman Tahmassebi publicly announced via LinkedIn that he’s venturing into another branch of the Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term industry. His new role is as COO of LendInvest.

The transition for Tahmassebi comes after he spent almost two decades in the retail brokerage industry in various roles. His most recent stint at ETX Capital as COO and CEO was preceded by a COO role at LCG and almost fifteen years at IG Group in various positions.

Tahmassebi’s move comes amid growing regulatory pressure over the sector which has caused multiple London-based brokerage houses to reshape their executive teams.

LendInvest IPO Prospects

Last year, alternative investment fund platform LendInvest raised close to £30 million in a pre-IPO funding round. The company is bridging the gap between lenders and borrowers with a specific focus on the property sector.

As a non-bank mortgage lender, LendInvest has lent over £1.5 billion and is providing an important source of funding for buy-to-let SMEs. The company’s platform also enables individuals, corporates and institutions to invest into secured property loans in the UK.

Tahmassebi is joining the firm in the run-up to a prospective IPO listing, which the company hinted in September last year after its Series C funding round. The company has been consistently profitable over the past several years, making its business proposition attractive.

Non-bank lending has been gaining ground since the dawn of the industry in the aftermath of the GFC of 2008. A number of companies, especially in the UK took on the opportunity to provide alternative financing to businesses via a growing number of lending platforms.

Late last year, the CEO and confounder of LendInvest, Christian Faes said that the company’s plans for an IPO are still a year or two away. The company appears to be looking for the Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term clouds to dissipate before taking its next step.