Fintech & Insurtech - Lending Platforms: Company presentation by Christian Faes, Co-Founder & CEO of Ledninvest at the NOAH Conference London 2019, 30-31 October, Old Billingsgate.

1. The different kind
of Fintech

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3. Largest non-bank
mortgage lender in
the UK

4. Largest non-bank
mortgage lender in
the UK

5. The platform has replicated across products
4
Time taken to lend first £50m by product

6. LendInvest platform has been built to drive
automation and efficiency
Borrowers
Borrower portals bring
transparency and efficiency
Automated on-boarding
Paperless, digital end-to-end
mortgage processes
Investors
Automated investor portal
Online proprietary portfolio
management tools
High data security
Reporting flexibility
Micro Services
Analytics
Cloud-based
Secure
Highly
Scalable
Automated
Workflow for All
Stakeholders
Loan Engine/
Matching
5
Proprietary Technology
Data Warehouse

7. Nearest competitor
Lending
£1bn+/yr
Competitor
650+ people
6
c.220 people

8. Popular with customers
65%
Borrower
repeat rate
<£1m
Annual
marketing
spend
c.£300k
Customer lifetime
value
7
INSERT GRAPH
11%
14%
34%
25%
38%
52%
65%
Increasing Repeat Rates
Repeat business by cohort (% by £)
Decreasing Time Until 2nd Loan
Average months until 2nd loan by cohort
30
15
0
10
5
25
20

9. Proven ability to grow and diversify capital
£29m
£149m
£229m
£350m
£745m
£1,065
m
£1,796
m
8
Investor Type
Institutional
investors
(33%)
Retail (11%)
Financial
Partnerships
(56%)
APAC (20%)
UK (44%)
US &
Americas
(22%)
Investor Domicile
EMEA ex. UK (14%)
Backing:

10. Proven ability to grow and diversify capital
£29m
£149m
£229m
£350m
£745m
£1,065
m
£1,796
m
9
Investor Type
Institutional
investors
(33%)
Retail (11%)
Financial
Partnerships
(56%)
APAC (20%)
UK (44%)
US &
Americas
(22%)
Investor Domicile
EMEA ex. UK (14%)

11. Lent £2.5bn+
Lending over £1bn+/yr
Growing at 75% yoy

12. Raised over
£1.8 bn+

13. Profitable last 5+
years

14. Only £17m of equity

15. Only £17m of equity
(that we haven’t
even spent!)

16. Founder led and
owned:
Founders =70%
+10% staff

17. The leading NextGen platform
disrupting the Property Finance market
Money Transfer
Expensive, non-
transparent cross-
border payment
experience
Payments
Difficult for SMEs to
access payments in
a way that works for
them
Wealth
Limited self-
directed wealth
management
services for mass
affluent market
Uncollateralised
SME Lending
SME access to credit.
Investors’ access to
SME loans
Property Finance
Rigid products, poor
customer experience,
highly manual and paper
based
Historical
challenge
Disrupted
Notes: Transferwise is the largest player based on UK personal market share (% of total volume). Adyen is the largest European-based player in the payments sector based on the market capitalisations of
listed sector participants. Hargreaves Lansdown is the largest European-based player in the wealth management platform sector based on the market capitalisations of listed sector participants. Funding
Circle is the largest European-based player in the SME finance platform sector based on the market capitalisations of listed sector participants
16

18. lendinvest.com

19. Selected Completed NOAH Transactions
Focus on Leading European Internet companies
Covering over 400 companies across 25 online
verticals, a broad range of over 500 investors as
well as 100+ online-focused corporates
Deep understanding of industry dynamics
Ability to add value beyond banking advice
Facilitates overall process and minimizes
management distraction
NOAH Advisors is globally well connected
and has direct access to virtually all key
players in the industry
Knowledge of and strong relationships with
potential buyers’ key decision makers
Proactively finds and unlocks attractive
investment opportunities for leading investors
Annual NOAH Conference in its 10th year
Over 40 years of combined relevant M&A experience
Routine execution of M&A and financing transactions
with sizes of several billion euros
30 successfully completed NOAH Advisors transactions
underline successful transfer of M&A competencies to
the Internet sector
Entrepreneurial mind-set, focused on growing the
business and establishing a reputation for excellence
Ability to deliver top results in short time frames
Highly success-based compensation structures align
interests of clients and NOAH Advisors, and demonstrate
conviction to deliver top results
Creative deal solutions
Unique Industry Know-How
Unmatched Network and Relationships
Strong Investment Banking Competence
Full Commitment - We Are Entrepreneurs!
EUROPE’S LEADING INTERNET
CORPORATE FINANCE BOUTIQUE®
The NOAH Advisors Core Banking Team
Marco Rodzynek
Managing Director & Founder
Jan Brandes
Managing Director
Nikhil Parmar
Director
Olek Skwarczek
Associate
Lukas Schlund
Analyst
December 2014 October 2014
Sale of 100% of
for $800m to
Exclusive Financial Advisor to
Fotolia and the Selling Shareholders
Sale of 100% of
for €80m to
Exclusive Financial Advisor to
Trovit and its Shareholders
October 2016
Investment in
Exclusive Financial Advisor to KäuferPortal
and its Shareholders
by
84% Ownership
December 2016
August 2017
Financial Advisor to Silver Lake
Financial Advisor to EMK Capital
Investment in
Acquisition of a Majority Stake in
by
by
at a valuation of $200m
November 2019 July 2019
September 2018
Financial Advisor to MagicLab
Financial Advisor to AU10TIX
and its shareholders
Financial Advisor to 10bis
and its shareholders
Acquisition of a 79% stake in $60m Investment in
Sale of 100% in
by
at a valuation of ~$3 billion
at a valuation of $260m by
for €135m to
10Bis