Proportunity has raised £ 105million in investments through debt and equity financing with the aim of supporting more people on the property ladder.
This latest round of funding was led by VentureFriends, Kibo Ventures, Anthemis, Entrepreneur First and Amro Partners.
The investment will allow Proportunity to grow its team and increase its maximum loan amount from £ 90,000 to £ 150,000 per house.
Kensington Partners with Proportunity to Help Small Borrowers Make Deposits
Makeshift loans are similar to those available under the UK government’s Help to Buy program, but are available for all homes, not just new builds.
It also uses machine learning technology that helps identify fair value homes in areas with high growth potential.
Vadim Toader, CEO and Co-Founder of Proportunity, said: “We are delighted with the success of this latest round of investment which will allow us to help thousands of people in the UK own their first home or climb the top. levels of ownership.
‘In the UK there is a gap of £ 100,000 to £ 200,000 between what buyers want and what they can afford, mainly due to maximum income to mortgage ratio restrictions and high deposit requirements. .
“In a market where real estate prices are rising rapidly, first-time buyers and those who wish to progress in real estate are faced with a losing battle.
“Proportunity provides a solution that bridges the gap and helps buyers afford the property they want in the communities they want to live. “