UK-based mortgage lender Perenna, which was granted an unrestricted banking licence from the FCA and PRA earlier this month, has secured $52 million in fresh funding.
In brief:
-The equity investment comes from IAG Silverstripe
-With the new funds, the newly-licenced bank aims to launch Perenna Mortgage, its long-term (20 to 30 year) fixed rate product.
-Perenna says it will invite eligible waitlist applicants to apply over the following weeks
What does this mean?
Arjan Verbeek, CEO and co-founder of Perenna, says the fundraise, which took place “against the backdrop of a challenging fundraising market” is “a clear testament” to its business approach.
