Investment platform Lender Invest plans to hold an initial public offering in 2026

Lender Invest has already raised 150 million rubles in a pre-IPO on the VTB Registrar platform. The site placed 15% of the capital and its valuation after the transaction (post-money) amounted to 1 billion rubles.

This transaction, which was carried out under the cash-in scheme, became the first round of investment for Lender Invest. The number of investors included only large individuals: the main investor invested 50 million rubles, and the other two participants invested 20 million rubles each.

Prior to the placement of shares, the company intends to report next year under IFRS by 2024, obtain a credit rating and issue bonds. At the time of the IPO, the platform is expected to reach a valuation of about 10 billion rubles.

The company will use 70% of the funds raised during the pre-IPO stage to expand its customer base and marketing, develop new products (20%) and improve the IT system (10%). Lender Invest plans to increase the number of users from the current 10 thousand to 120 thousand people, as well as occupy 30% of the market of digital investment platforms in Russia before entering the IPO.

Lender Invest is included in the Central Bank’s register of investment platform operators and has been operating since 2019. Currently, the company is engaged in crowdlending. By the end of the year, it intends to launch over-the-counter placements of shares for fast-growing Russian issuers and participate in real estate transactions.

As of September 2024, the platform issued loans worth 89.3 million rubles, which is about 3.8% of the market. At the end of last year, the company’s revenue according to RAS amounted to 318 million rubles, net profit – 93 million rubles.

The platform is 100% owned by FC Lander-invest, 90% of which before the transaction was owned by Dmitry Isakov and the remaining 10% by commercial director Igor Potashov.

Lender Invest is now the third player in the segment to announce an initial public offering:

• At the end of last year, the JetLend crowdlending platform announced plans to list shares on the stock exchange in 2024. According to Forbes, the IPO will take place on the Moscow Exchange in November-December. Depending on the company’s growth and the situation on the stock market, the capitalization may range from 11 billion to 20 billion rubles.
• Invoicecafe intends to issue bonds worth 100 million rubles this year and hold an IPO next year. As a result, the company wants to increase its value from 900 million to 1.5 billion rubles and expects a valuation of 3-5 billion rubles.