Finance Breaking news Selina Finance raises £12 million to expand into consumer market last financial news

Breaking-Finance.Com - Selina Finance, a London-based alternative lender which provides credit to business borrowers by unlocking the value tied up in their property, has secured £12 million in equity funding and £30 in debt lines.

Finance Breaking news Selina Finance raises £12 million to expand into consumer market last financial news

Breaking-Finance.Com - Selina Finance, a London-based alternative lender which provides credit to business borrowers by unlocking the value tied up in their property, has secured £12 million in equity funding and £30 in debt lines.

Finance Breaking news Selina Finance raises £12 million to expand into consumer market last financial news
23 July 2020 - 12:40

Breaking-Finance.Com - Selina Finance, a London-based alternative lender which provides credit to business borrowers by unlocking the value tied up in their property, has secured £12 million in equity funding and £30 in debt lines. The firm says the equity, raised from Picus Capital, Global Founders Capital and others, will be used to invest in technology as it prepares to enter the consumer lending market later this year.Founded in 2019 by Andrea Olivari, Hubert Fenwick and Leonard Benning, Selina Finance offers overdraft-style credit facilities up to £1 million to SMEs backed by the equity tied up in their homes or investment property.

. We want to help people tap into their real estate wealth whenever they need to borrow funds, by making the whole process, from application to funding, as seamless and as fast as possible.”Since lending started last year, the firm claims to have recorded zero defaults and no arrears.

Source = Breaking-Finance.Com

Financial breaking news

This news 21 hits received.

Finance Breaking news Selina Finance raises £12 million to expand into consumer market last financial news


Finance Breaking news Selina Finance raises £12 million to expand into consumer market last financial news


Finance Breaking news Selina Finance raises £12 million to expand into consumer market last financial news


Finance Breaking news Selina Finance raises £12 million to expand into consumer market last financial news

COMMENTS

  • 0 Comment
MAY INTEREST YOU x
Finance Breaking news Personalisation and customisation with data in the banking and payments industry last financial news
Finance Breaking news Personalisation and customisation with data in...
Finance Breaking news BIS: FX execution algorithms contribute to market functioning but bring new challenges last financial news
Finance Breaking news BIS: FX execution algorithms contribute to...