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
2018
🏭 Industry
Financial services
🧠Management
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)