#PropTech #LendTech / UK fintech Fronted raises £1m with backing from Monzo co-founders

In essence, Fronted helps renters finance their rental deposits. Its credit product is designed to finance deposits directly. The start-up is confident it can lend more cheaply at a lesser risk compared to players already tapping the rental market with insurance-based offerings. It says that unlike its competitors, renters can pay their original deposit overContinue reading “#PropTech #LendTech / UK fintech Fronted raises £1m with backing from Monzo co-founders”

#PropTech #RentToBuy / Divvy Homes secures $110M Series C to help renters become homeowners

Divvy Homes – a startup that is out to help more people realize that dream by buying a house and renting it back to them while they build equity – has just closed on $110 million in Series C funding. Divvy claims to be different from other real estate tech companies in that it aimsContinue reading “#PropTech #RentToBuy / Divvy Homes secures $110M Series C to help renters become homeowners”

#PropTech / Digital servicer Valon snaps up $50M in Series A round

Digital mortgage servicer Valon (formerly known as Peach Street) announced on Tuesday it picked up $50 million in a Series A funding round spearheaded by venture capital heavyweight Andreessen Horowitz. Founded in 2019 and marketed as a mobile-friendly servicer, Valon allows borrowers to make payments, view balances, request information and manage escrows through its cloud-basedContinue reading “#PropTech / Digital servicer Valon snaps up $50M in Series A round”

#FinancialInclusion / Milo brings in $6m to provide US credit to international citizens

“Banks had neglected us, lenders avoided us, and others just wasted our time,” the firm states on its website. “This frustration led to action and compelled us to create a company with global consumers unique situations at its core.” Milo launched in late 2018, led by former Morgan Stanley financial advisor, Josip Rupena. Only 30%Continue reading “#FinancialInclusion / Milo brings in $6m to provide US credit to international citizens”

#PropTech / Prospective UK challenger Perenna lands $10m ahead of Q3 launch

Perenna was created by three co-founders. Former BNP Paribas bankers, Arjan Verbeek and Hamish Peacocke, alongside Colin Bell, who built the specialist lender Interbay which eventually sold to One Savings Bank. Perenna wants to offer 30-year fixed-rate mortgages – a product which isn’t currently available in the UK, where terms tend to only stretch two,Continue reading “#PropTech / Prospective UK challenger Perenna lands $10m ahead of Q3 launch”

#PropTech / Perenna raises $10m to bring fixed for life mortgages to the UK

Taking inspiration from the Danish mortgage model, Perenna is building a lender which will use long-term covered bonds to finance its products. This, says the startup, means it will be able to issue 30-year fixed-rate mortgages at highly competitive rates, while giving customers the flexibility to port their mortgage should they want to move andContinue reading “#PropTech / Perenna raises $10m to bring fixed for life mortgages to the UK”

#PropTech #DLT / Figure Lending lands $100M funding facility

SoFi co-founder Mike Cagney’s latest digital mortgage operation Figure Lending closed on a $100 million funding facility from JPMorgan Chase… The warehouse facility will allow the company, a subsidiary of Figure Technologies, to originate conventional loans as well as jumbo loans… “This facility with J.P. Morgan will help us continue to innovate in the lendingContinue reading “#PropTech #DLT / Figure Lending lands $100M funding facility”

#PropTech / Landing Secures $100M in Funding and Expands Flexible Living Offerings Across 75 Cities

Landing, the company behind the first membership for flexible, long-term living, today announced it secured $100M in new funding: a $45M Series B led by Foundry Group with participation by Greycroft and Maveron, alongside a $55M debt facility. With an influx of fresh capital and a rapidly growing membership base, the company will continue expandingContinue reading “#PropTech / Landing Secures $100M in Funding and Expands Flexible Living Offerings Across 75 Cities”

#PropTech / Infogrid raises $15.5M from Northzone to retrofit buildings with ‘smart’ IoT

Infogrid, an IoT startup which can retrofit an existing building to make it “smart”, has raised $15.5 million… Infogrid’s platform combines IoT sensors with proprietary AI analysis and has had some success re-vamping facilities management (FM) for some of the world’s largest FM providers, such as global banks, supermarkets, restaurant chains and the NHS. InfogridContinue reading “#PropTech / Infogrid raises $15.5M from Northzone to retrofit buildings with ‘smart’ IoT”

#PropTech / Canopy aims to power mortgage due diligence with blockchain technology

Mortgage industry veterans launch new due diligence firm to disrupt current industry practices with verifiable data Residential due diligence is an area of the mortgage ecosystem that’s overdue for disruption, according to two industry veterans who want to offer something completely different in the due diligence space through their newly launched company, Canopy. Levonick [founder]Continue reading “#PropTech / Canopy aims to power mortgage due diligence with blockchain technology”