Fruitful

lendingonline loans

STATUS: Closed
FOUNDING YEAR: 2013
LOCATION: United Kingdom
Last Update: 01/05/2020

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About

The problem? The regulatory and administrative structure of banks creates a huge loss of value to both investors and borrowers. High barriers to entry means mortgage lending is largely an oligopolistic market - resulting in poor availability to customers and little incentive for lenders to significantly improve their service and product innovation. What are we doing? With just over 2 years in the making, Fruitful is a peer-to-peer platform that enables investors (i.e pension funds) to lend directly to mortgage borrowers. Accredited Investors, download our deck to find out how: ✔ We have a clear cut regulatory/pricing advantage over the incumbents, ✔ We have carefully developed a robust go-to-market strategy, ✔ We are able to maximise capital availability through selling mortgaged backed securities, ✔ We are upending the abysmal customer experiences that are a common feature of this market, + ✔ We have a fantastic team to pull the above off.

Focus

PRODUCTS & SERVICES

Fruitful Lending App

Traction

VALUATION / MARKET CAP:

$5.7 M in 2015

People

FOUNDERS

Paul Freeman

Luke Barnes

Mark Selby

Shane Tibbitts

Tom Darlow

BOARD MEMBERS AND ADVISORS

Luke Barnes

Paul Freeman

Shane Tibbitts

Tom Darlow

Santiago Tenorio

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Paul Gould

Momentum

FUNDED

YES

TOTAL FUNDING

$759.69 K

SEED & PRIOR FUNDING

$759.69 K

LISTED

NO

BASICS

STATUS:

Closed

FOUNDING YEAR:

2013

LOCATION:

United Kingdom

Views:

300 VISITORS | 550 VIEWS
LATEST FUNDING ROUND

$760 K

TOTAL EMPLOYEES
11-50

About

The problem? The regulatory and administrative structure of banks creates a huge loss of value to both investors and borrowers. High barriers to entry means mortgage lending is largely an oligopolistic market - resulting in poor availability to customers and little incentive for lenders to significantly improve their service and product innovation. What are we doing? With just over 2 years in the making, Fruitful is a peer-to-peer platform that enables investors (i.e pension funds) to lend directly to mortgage borrowers. Accredited Investors, download our deck to find out how: ✔ We have a clear cut regulatory/pricing advantage over the incumbents, ✔ We have carefully developed a robust go-to-market strategy, ✔ We are able to maximise capital availability through selling mortgaged backed securities, ✔ We are upending the abysmal customer experiences that are a common feature of this market, + ✔ We have a fantastic team to pull the above off.

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