Wayhome, a London, UK-based company that provides a hybrid part-buy part-rent model, raised £8M in Series A funding.
The round was led by existing investors Allianz X, Augmentum Fintech and new funders Volution, Love Ventures and Cur8 Capital.
The company intends to use the funds to further partnerships with mortgage brokers and lenders in the coming months.
Led by CEO Nigel Purves, Wayhome provides Gradual Homeownership, which is a hybrid part-buy part-rent model, that enables people to buy a home worth up to 10x household income with a 5% deposit and no mortgage or borrowing required.
Wayhome currently has an annual rate of £100m deployed in customer property purchases and intend that the raise will assist the leadership team in doubling this to £200m per year within 12 months.
FinSMEs
28/04/2023