JustUs, a FinTech aiming to disrupt the lending landscape, has raised over £1.31mn following its latest crowdfunding.
In Brief:
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JustUs is currently approved to provide residential mortgages and has completed over 850,000 transactions.
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It has raised £600,000 in funding which will be matched by the Future Fund to total £1.2mn.
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The FinTech then topped this funding up to over its £1.3mn target on Crowdcube in just three days.
What does this mean?
JustUs says it will use the new funding to fuel its next stage of growth. This includes the launch of a “People’s Mortgage” offering in Q2 2021 and a bespoke loan service platform for small businesses called SBILS, due in part to the demand for support following the Covid-19 pandemic outbreak. The crowdfunding is ongoing.
