Wayhome close Series A equity funding round
IN BRIEF:
The raise was led by existing investors Allianz X and Augmentum Fintech, alongside new investors Volution, Love Ventures and Cur8 Capital
The raise will provide runway to break-even point
Wayhome has an annual rate of £100m deployed in customer property purchases and intend that the raise will assist in doubling this to £200m per year within 12 months
What does this mean?
Nigel Purves, CEO of Wayhome said: “We are delighted to continue to be in partnership with such eminent investors as Allianz X and Augmentum and to be working with game-changing new investors too. Due to the way that the Gradual Homeownership model works, the rising interest rates seen since September’s controversial mini budget have delivered even greater demand for our product. With the recent ending of the Help to Buy scheme there are now hundreds of thousands of would-be homeowners seeking alternative ways to access the property ladder.”
