#LendTech / Selina Finance Raises £12 Million

Selina Finance launched in the UK a year ago to provide small business owners secured business loans; a small business owner puts up their home as collateral which enables Selina to provide a much lower interest rate on the loan

…the funding will be used to continue to grow their business in the UK and to start the process of opening up to other markets in Europe…

[Picus Capital:] “Selina Finance is bringing much-needed innovation to the UK lending space by allowing customers to access the equity locked up in their residential property, seamlessly and on flexible terms.”

https://news.lendit.com/2020/07/23/uks-selina-finance-raises-12-million-in-their-series-a/