Intriva acquires Lending Works

The firm has wholly acquired the company and has committed to providing significant additional funding and capital to support the growth of the business, according to a statement.

Nicholas Harding, founder and CEO of Lending Works, will continue to lead the business, alongside the existing management team. Intriva's Simon Finn, Dean Walsh and Tom Saunders will join Lending Works' board as non-executive directors.

The investment will go towards expanding the company's product range, technology and underwriting capabilities.

Previous funding
Maven Capital Partners led a £2.8m round of funding for UK-based peer-to-peer loans platform Lending Works in July 2018. Maven contributed £2m to the round. NVM Private Equity, Pollen Street Capital and a small number of business angels provided the remaining £800,000.

Company
Headquartered in London, Lending Works is a provider of consumer credit through partnerships. Launched in 2014, Lending Works has lent almost £250m to loan customers, according to a statement.

People
Lending Works – Nicholas Harding (founder, CEO).

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• Buyouts
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