6 years ago

Proportunity Secures £2 Million Seed Funding to Help First-Time Buyers

  • Proportunity, a London-based fintech startup, has raised £2 million in a seed funding round led by Anthemis and Axel Springer Digital Ventures

  • The company offers a platform that provides home equity loans and AI-driven insights to help first-time buyers in the UK navigate the property market

  • The funding will be used to expand the company's operations and partnerships.

      • ProblemFinancial Services

      "making it difficult for first-time buyers to get on the property ladder due to the need for large deposits."

      Solution

      "offering equity loans similar to the government’s Help to Buy scheme, which allows buyers to put down a smaller deposit and borrow the rest from Proportunity. This increases the range of mortgages they can apply for and reduces their long-term interest costs."

      Covered on