Proportunity raises £105m investment

Jake Carter

October 20, 2021

tax money cash buyers profit

Proportunity has raised £105m investment through debt and equity funding as it aims to support more people onto the property ladder.

This latest debt and equity round was led by VentureFriends, Kibo Ventures, Anthemis, Entrepreneur First, and Amro Partners.

The investment will enable Proportunity to grow its team and increase its maximum loan size from £90,000 up to £150,000 per home.

Proportunity loans are similar to those available through the UK government’s Help to Buy scheme, but are available for all homes, not just new-builds.

It also utilises machine learning technology that helps identify fair valued homes in high potential growth areas.

Vadim Toader, chief executive and co-founder of Proportunity, said: “We’re delighted with the success of this latest investment round which will enable us to help thousands of people in the UK own their first home or progress up the property ladder.

“In the UK there is a £100,000 to £200,000 gap between what buyers want and what they can afford, mainly caused by maximum income/mortgage ratio restrictions and high deposit requirements.

“In a market of fast-rising house prices, first-time buyers and those wishing to progress on the property ladder are facing a losing battle.

“Proportunity provides a solution which closes the gap and helps buyers afford the property they want in the communities where they want to live.”

Sign up to our daily email