Tembo is a UK based fintech startup founded in 2020. The company's mission, as expressed in its slogan "Let's make home happen." is to address the challenges and complexities associated with home buying and remortgaging. With the widening gap between earnings and house prices leading to an entire generation being locked out of the property market, Tembo has positioned itself as an innovative solution bridging this gap. As an award-winning digital mortgage and savings platform, Tembo has gained recognition, being voted the UK's Best Mortgage Broker at the British Bank Awards in 2022, 2023, and 2024. Their approach involves utilizing technology and providing expert advice to assist individuals in maximizing their borrowing potential, with the capability to instantly scan over 100 lenders and 25 specialist buying schemes to increase budgets significantly. In 2024, Tembo expanded its services to include consumer savings products and introduced the market-leading Lifetime ISA, with the aim of aiding first-time buyers in overcoming the challenge of saving a deposit. The company's commitment to innovation and customer-centric solutions has attracted notable investors, with its last Series B investment round in November 2024 securing €16.80M from investors such as Goodwater Capital, Ascension Ventures, Love Ventures, and others. With its authorization and regulation by the Financial Conduct Authority, Tembo's focus on addressing the complexities of the housing and mortgage market, coupled with its innovative and customer-centric approach, positions it as a compelling player in the ever-evolving landscape of financial services and fintech.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series B | €16.80M | 5 | Aviva, McPike Family Office | 29 Nov 2024 |
Series A | £5.00M | 4 | McPike Global Family Office | 27 Apr 2023 |
Seed Round | £2.50M | 2 | 05 Aug 2021 | |
Seed Round | Unknown | 1 | 21 Apr 2021 | |
Seed Round | Unknown | 1 | 01 Mar 2021 |