5 years ago

Digital Lender Selina Finance Secures £42 Million Series A to Disrupt UK Lending Market

  • Selina Finance, a digital lender, has raised £42 million in a Series A funding round

  • The round includes £12 million in equity and £30 million in debt financing

  • The equity funding will be used to support the company's growth plans and investment in technology as it prepares to launch a consumer lending product later this year

  • The debt financing will be used to support more SMEs and, post-regulatory approval, consumers across the UK.

      • ProblemFinancial Services

      "making it difficult for people to access the equity locked up in their homes, especially for those who need flexible and affordable credit."

      Solution

      "offering a feeless, flexible, and transparent credit facility that allows customers to borrow against the equity tied up in their homes or investment property. This allows customers to draw and repay funds whenever they choose, and pay interest only on what is outstanding."

      Covered on