This includes innovative family mortgages which leverage either income, property equity or savings to boost affordability, as well as a growing number of specialist part buy, part rent and shared ownership schemes for those without family or friend support.
The investment will be used primarily to continue to develop Tembo’s powerful proprietary, decisioning and affordability technology, providing users with an instant comparison of affordability and costs for all the available options and buying schemes to help them buy or remortgage their home. Tembo has had a very strong start to 2023 helping homebuyers who are struggling with affordability. Existing investors Aviva Ventures and Ascension Ventures both also invested again into Tembo as part of the round. Love Ventures, a specialist FinTech, PropTech and ConsumerTech investment fund, and the McPike Family Office who have made a number of successful UK investments including Starling Bank and Acre Platforms. Tembo welcomed two new investors as part of this round.
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