Max Lehrain, chief operating officer at Relendex, said that it was actively recruiting ‘end-to-end’ BDMs in a number of areas, with new recruit Simon based in Portsmouth.

Simon was previously a BDM at Propfin and prior to that served in BDM roles at bridging lender Roma Finance and P2P marketplace Invest & Fund.

He will be looking for deals UK wide, with the lending platform also actively looking at Northern Ireland.

“It is great to have someone of Simon’s experience joining our BDM team to take advantage of market opportunities,” said Max.

“Relendex recently announced a lending target of £100m for next year and Simon’s experience and knowledge in the P2P sector will be invaluable in helping us achieve this.

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“Simon will work closely with myself and the senior management team to accelerate Relendex’s offering, continuing to provide both borrowers and lenders an outstanding service complemented with rates that give the big banks a run for their money.”

Simon added that he was impressed by Relendex’s track record, clear focus and experienced team.

“I am looking forward to helping Relendex identify new business opportunities providing the benefit of my expertise to expand the company’s operations across the UK.”

Relendex – which recently secured new funding lines and, as a result, increased its maximum loans size to £5m – has also hired a new London-based senior underwriter and is looking to add two more people to its loan administration team and a ‘number two’ for its chief technology officer.

With its lending plans for 2019, Relendex aims to double its current workforce of 15 people.

“We expect to have 25 people by Q1 2019,” said Max.

“We will have about 30 people by the end of 2019.

“We are pretty confident of getting £100m out the door.”

Max also added that Relendex was on the cusp of being profitable.

“We expect to be in that place during Q1 2019.”