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Perenna

perenna.co.uk

Founded Year

2018

Stage

Series A | Alive

Total Raised

$40M

Last Raised

$30M | 2 mos ago

About Perenna

Perenna operates as a digital mortgage bank. It provides mortgages against a promise to pay a fixed monthly payment over a period of time and the firm takes charge of properties as security for the payments. The mortgages are financed by issuing covered bonds on the London Stock Exchange. The platform offers various mortgage solutions such as for life, remortgage, and more. The company was founded in 2018 and is based in London, U.K.

Headquarters Location

The Office Group 20 Eastbourne Terrace

London, England, W2 6LG,

United Kingdom

0203 697 8888

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Perenna's Products & Differentiators

    Fixed for Life mortgages

    Mortgage loans that carry a fixed rate for the entire term of the mortgage (likely to be 30 years)

Expert Collections containing Perenna

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Perenna is included in 4 Expert Collections, including Mortgage Tech.

M

Mortgage Tech

218 items

Companies here streamline and digitize the mortgage lending process. Collection includes direct lenders, mortgage brokers, process optimization technologies for lenders, as well as tools that support borrowers throughout the search and application phases.

R

Real Estate Tech

2,258 items

Startups in the space cover the residential and commercial real estate space with a focus on consumers. Categories include buying, selling and investing in real estate (iBuyers, marketplaces, investment/crowdfunding platforms), and also tenant experience, property management, et

F

Fintech

4,872 items

Track and capture company information and workflow.

B

Banking

777 items

Perenna Patents

Perenna has filed 1 patent.

The 3 most popular patent topics include:

  • Autosomal recessive disorders
  • Diabetes
  • Human proteins
patents chart

Application Date

Grant Date

Title

Related Topics

Status

3/29/2018

12/28/2021

Rare diseases, Diabetes, Autosomal recessive disorders, Neurological disorders, Human proteins

Grant

Application Date

3/29/2018

Grant Date

12/28/2021

Title

Related Topics

Rare diseases, Diabetes, Autosomal recessive disorders, Neurological disorders, Human proteins

Status

Grant

Latest Perenna News

Fintech mortgage lender Perenna lands $30m Series A from IAG Silverstripe

Sep 27, 2022

27th September 2022 Fintech mortgage lender Perenna has raised $30 million in a Series A funding round exclusively from US venture capital firm IAG Silverstripe, AltFi reports. Perenna lands $30m investment from IAG Silverstripe According to AltFi, now that funding has been secured from IAG, also a backer of challenger Zopa, CEO Arjan Verbeek intends to launch Perenna’s 30-year mortgages imminently. Verbeek says this is IAG Silverstripe’s “first investment in a pre-launch business. We see it as an endorsement of our mission to offer consumer-friendly mortgages and enable more people to become homeowners”. “The mortgage market is an oligopoly controlled by a few banks thriving in the status quo, much to the detriment of consumers,” Verbeek tells AltFi. Perenna, which is aiming to establish the UK’s first covered bond bank, obtained a banking licence with restrictions in August from UK regulators the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA). Utilising the covered bond market, the fintech mortgage lender intends to offer long-term fixed rate mortgages and “channel the trillions of pounds of insurance and pension monies into the UK real economy by improving the domestic capital markets”. A covered bond is a debt security that is created from public sector loans or mortgage loans that are backed by a separate group of assets.

Perenna Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Perenna Rank

Perenna Frequently Asked Questions (FAQ)

  • When was Perenna founded?

    Perenna was founded in 2018.

  • Where is Perenna's headquarters?

    Perenna's headquarters is located at The Office Group, London.

  • What is Perenna's latest funding round?

    Perenna's latest funding round is Series A.

  • How much did Perenna raise?

    Perenna raised a total of $40M.

  • Who are the investors of Perenna?

    Investors of Perenna include IAG Capital Partners, Tony Mallin and Kevin Flaherty.

  • Who are Perenna's competitors?

    Competitors of Perenna include Atom Bank and 7 more.

  • What products does Perenna offer?

    Perenna's products include Fixed for Life mortgages.

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