LendInvest turned a profit (£3.4m) for the third time in three years of trading in 2016. LendInvest is the UK's leading marketplace for property finance that is bringing technology to the £1.2 trillion UK mortgage market - an entirely offline market. LendInvest spun out of Montello, an offline short-term mortgage lender, in 2013 to improve the process of getting a mortgage, and to make mortgages an accessible asset class for every investor. Today LendInvest investors have lent over £1 billion to help borrowers buy, build or renovate almost 4,000 properties making LendInvest one of the fastest-growing online lending businesses in the world. The company also has significant institutional backing, including a £17m ($25m) Series B investment from Atomico, the VC fund led by Skype founder, Niklas Zennstrom that closed in March 2016.