#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”

#PropTech / With new cash and a former Apple exec now at the helm, Connect Homes is ready to reconstruct homebuilding

Greg Leung had worked at Apple for years… The pitch — building a starter home for a much lower cost than other prefabricated houses on the market, and one that could be dropped in to locations in the urban core of most cities — was too good to pass up. “Basically, it’s a beautiful product,Continue reading “#PropTech / With new cash and a former Apple exec now at the helm, Connect Homes is ready to reconstruct homebuilding”

#PropTech #InsurTech / Hippo, home insurtech startup, secures $350 million capital investment

Hippo, a startup focused on providing home insurance digitally, has secured a $350 million capital investment from Mitsui Sumitomo Insurance Company. Hippo and Mitsui Sumitomo Insurance Company plan to sign a reinsurance treaty where Mitsui Sumitomo will take on a “portion of risk” to support Hippo. Wand explained that Hippo has a treaty with aboutContinue reading “#PropTech #InsurTech / Hippo, home insurtech startup, secures $350 million capital investment”

#PropTech / Real Estate Debt Platform AlphaFlow Secures $10 Million

… AlphaFlow described itself as a tech-driven investment manager that provides professionally managed portfolios of real estate loans to institutional investors. The company partners with non-bank real estate lenders around the country who provide 6-12 month bridge loans on single-family and small multifamily properties, to buy their loans and help them grow their businesses. “WeContinue reading “#PropTech / Real Estate Debt Platform AlphaFlow Secures $10 Million”

#PropTech / Banco Santander’s VC arm invests in Spanish proptech Clikalia

Mouro Capital, Banco Santander’s capital venture arm, has invested an undisclosed amount into Clikalia, a Spanish fintech which digitises the buying and selling of houses. Back in April, the proptech rebranded from Clicpiso to Clikalia. The new name is the sum of ‘clic’ and ‘alia’, which means house in Greek. The fintech, which landed €8Continue reading “#PropTech / Banco Santander’s VC arm invests in Spanish proptech Clikalia”