Proportunity raises £2m in seed funding from Anthemis and Axel Springer Digital Ventures to expand its lending platform and partnerships.
Anthemis and Axel Springer Digital Ventures backed the round, which will help scale the firm consumer base and partner network.
Proportunity is a financial technology neo-lender that offers equity loans to help home buyers secure properties with a small deposit. The company uses machine learning technology to identify fair-valued homes in high-growth areas and bridge affordability gaps.
Proportunity has secured £2m in seed funding from Anthemis and Axel Springer Digital Ventures. The capital will be used to scale the company user base and expand its network of partnerships with real estate agencies and mortgage brokers. Since receiving regulatory authorisation in 2018, the firm has accumulated more than 5000 users and facilitated lending on properties valued in excess of £10m.
The business provides home equity loans functioning similarly to government schemes, aiming to assist buyers who can service a mortgage but lack sufficient deposit savings. Backers noted the platform brings transparency to the housing market while supporting traditional lenders and estate agents alike.
From the founder
"Home ownership has become a major social divide between those who have benefited from capital growth and those who have not."
Vadim Toader
CEO and co-founder at Proportunity
Investor perspective
"Getting on the housing ladder is a critical consideration for the majority of people and that’s why we’re thrilled to support Proportunity."
Ruth Foxe Blader
Partner, Anthemis
Use of funds
- 01Accelerate go-to-market
Investors
Categories
About the company
Proportunity
Proportunity offers equity loans to help home buyers bridge affordability gaps.