Tembo, a London, UK-based provider of a digital-mortgage platform, raised £5M in funding.
Backers included Love Ventures, McPike Family Office, Aviva Ventures and Ascension Ventures.
The company intends to use the funds to continue to develop its proprietary technology, and grow its strategic partnerships with a range of wealth managers, house builders and lenders including Barratt Homes and Aviva.
Led by Richard Dana, CEO and Founder, Tembo is a tech-focused mortgage broker, specialising in helping buyers discover the family assisted mortgages and specialist schemes they are eligible for, through its decisioning technology. The proprietary, decisioning and affordability technology provides users with an instant comparison of affordability and costs for all the available options and buying schemes to help them buy or remortgage their home. This includes innovative family mortgages which leverage either income, property equity or savings to boost affordability, as well as a number of specialist part buy, part rent and shared ownership schemes for those without family or friend support. Then, its team provides the advice and guidance to buy the home.
FinSMEs
27/04/2023