Selina Finance secures Series B equity and debt funding totalling $150m led by Lightrock
Lightrock led the equity portion of the round alongside debt financing from Goldman Sachs and GGC to fund expansion.
Selina Finance is a digital lender providing home equity lines of credit designed to help UK homeowners unlock property wealth. The platform uses automated technology to streamline borrowing and consumer lending.
Selina Finance has raised $35m in equity funding as part of its Series B round, alongside $115m in debt secured from Goldman Sachs and GGC. The equity portion was led by Lightrock with participation from existing backers. The capital will support continued expansion and preparations for an initial public securitisation.
Founded in 2019, the fintech has issued over $100m in loans through its home equity line of credit product since gaining regulatory approval. The company targets the domestic property market by offering homeowners an alternative to traditional personal loans and remortgaging.
Investor perspective
"Historically, homeowners across the UK have been underserved when it comes to accessing wealth created from their largest asset – their home. Selina’s disruptive lending model allows consumers to unlock previously inaccessible capital, whilst having the flexibility to utilise the lending facility and return as per convenience. The team at Selina have achieved impressive growth with over $100m in loans issued since founding in 2019. Lightrock is delighted to be backing such an innovative team and looks forward to supporting Selina as it disrupts traditionally inflexible lenders."
Ash Puri
Growth Investor, Lightrock
Use of funds
- 01Expand into international markets
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About the company
Selina Finance
Selina Finance offers home equity lines of credit to unlock property wealth for UK homeowners.