2 years ago

Tembo Raises £5 Million to Expand Digital Mortgage Platform

  • Tembo, a UK-based digital-mortgage platform, secured £5 million in funding from Love Ventures, McPike Family Office, Aviva Ventures, and Ascension Ventures

  • The company intends to use the funds for technology development and expanding partnerships with wealth managers, house builders, and lenders like Barratt Homes and Aviva

  • Tembo specializes in helping buyers find family-assisted mortgages and specialist schemes using its decisioning technology, providing instant affordability and cost comparisons.

      • ProblemFinancial Services

      "Buying a home in the UK can be difficult, especially for first-time buyers, as traditional mortgages require large deposits and income levels that many people don't meet. This leaves many people struggling to get on the property ladder, especially those without family support."

      Solution

      "Tembo offers a digital platform that helps people find and access various mortgage schemes that they may be eligible for, including family assisted mortgages and other specialist schemes. It uses decisioning technology to instantly compare affordability and costs for all available options and buying schemes, helping people make informed decisions about buying or remortgaging their home."

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