Professionals from some of the country’s largest financial institutions will be making their way to the world’s most famous sailing regatta this week, to do battle in the Lendy Finance Challenge, sponsored by Lendy, one of Europe’s leading P2P lending platforms.
Based in the UK, Lendy has to date provided more than £320million in finance secured against property, earning more than £26million in interest for its lenders.
Organised in partnership between Cowes Week Ltd and Sunsail, the Official Charter Sailing Partner of Lendy Cowes Week, 17 teams have already confirmed their entry in the races that take place from 31st July – 4th August.
Those that have confirmed entry this year include Deloitte; Cazenove; Lyceum Capital and Tenzing Private Equity, amongst others. Title sponsor Lendy will, of course, be out to win in their first year as sponsor of the Lendy Finance Challenge, and all will be looking to sail into the sunset with bragging rights in tow. Crews can look forward to a daily prize giving at Sunsail’s hospitality area in the lively Cowes Yacht Haven, with the overall champions being awarded the Lendy Finance Challenge Trophy.
Commenting on the uptake, Liam Brooke, Director and Co-Founder at Lendy said:
“We are delighted that so many eminent financial institutions are involved in this year’s Lendy Finance Challenge and relish a healthy dose of friendly competition against our fellow professionals. The five-day format is a real test of a crew’s mettle and we look forward to showing what the Lendy team can do competing in our inaugural year as title sponsor.”
All finance companies racing in the Sunsail Match First 40 class have been eligible to enter and Sunsail’s Events Director, Simon Boulding is looking forward to seeing who comes out on top:
“The Sunsail fleet is perfectly matched, creating the ideal platform for the crews to compete against each other on a level playing field. We are extremely pleased with the take-up of this year’s Lendy Finance Challenge and we’re sure all the individuals taking part will enjoy the racing but also the lively atmosphere of Lendy Cowes Week once back on dry land.”
Commenting on the challenge, that will form part of a packed Lendy Cowes Week schedule, Kate Johnson, Cowes Week Limited’s Commercial & Marketing Director said:
“The Lendy Finance Challenge at this year’s regatta will provide some great added interest for those finance companies taking part, giving our Official Charter Sailing Partner, Sunsail, an added competitive focus during the regatta.” “It will be interesting to see if team Lendy can be beaten and who will come out on top in this 5 day format!”