UK-based mortgage lender Perenna, with a new banking license, secures $52 million in fresh funding to launch its long-term fixed-rate mortgage product.
Facts
- Perenna, a UK mortgage lender, received $52 million in fresh funding.
- The funding includes equity investment from IAG Silverstripe, the leader of Perenna’s $30 million Series A round in September 2022, as well as contributions from existing backers.
- Perenna plans to use the funds to launch its long-term fixed-rate mortgage product, Perenna Mortgage, with a waitlist of over 5,000 customers.
- Eligible waitlist applicants will be invited to apply in the coming weeks, with a broader public rollout expected by the end of the year.
- Perenna’s CEO, Arjan Verbeek, highlights the success of the fundraising despite challenging market conditions and emphasizes the potential for their covered bond platform to improve access to the UK mortgage market.
