Tembo, a London, UK-based firm offering a digital financial savings and mortgage platform, raised £14M in Collection B funding.
The spherical, which introduced complete funding raised to £20m, was led by Goodwater Capital with participation from current traders together with Aviva, Ascension Ventures, Love Ventures and McPike Household Workplace.
The corporate intends to make use of the funds to scale its financial savings app.
Co-founded by Richard Dana, Eddie Ross and Geoff Wright in October 2020, Tembo is a digital financial savings and mortgage platform specialising in optimizing affordability to assist individuals purchase their dwelling. Tembo has entry to over 100 lenders, 10,000 mortgage merchandise and 25 bespoke mortgage schemes to uncover a borrower’s true affordability, together with a specialist vary of Revenue and Deposit Increase family-mortgages. That is paired with its not too long ago launched financial savings app, which focuses on serving to prospects save in direction of their first property buy and future monetary aim through its Tembo Lifetime ISA.
Since launch, the crew has grown to 85 staff.
FinSMEs
29/11/2024
