Perenna

The equity investment comes from IAG Silverstripe and the lender’s existing backers.

The London-based start-up becomes one of the first firms to secure an unrestricted bank licence in 2023.

CEO Arjan Verbeek says the investment is “an endorsement of our mission to offer consumer-friendly mortgages”.

Perenna intends to offer long-term fixed rate mortgages in the near future.

The fintech lodged its banking licence in the last quarter of 2020.