British neobank Perenna raises $52M to roll-out of its long-term fixed-rate mortgage products

Perenna has created a new kind of mortgage bank. A bank that changes how mortgages are funded (it uses covered bonds instead of savings deposits). This allows Perenna to take a long-term view of its customer relationship. Here are details of Perenna’s latest funding round :

🚀 Launch


🏭 Industry

Financial services


Arjan Verbeek, Hamish Peacocke, Colin Bell, Werner de Leeuw, Louise Vaughan, Dan Pass, Kate Lindsay-Bayley, Aniq Ahmed, Simon Thompson

💸 Funding & Investors

  • Investment (September 2023) : $52 million
  • Investors : led by strategic investor Silverstripe Investment Management and includes participation from existing investors.

🎯 Funding purpose

Roll-out of its long-term fixed-rate mortgage products.

🌐 Country HQ

UK (London)

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