Morpheus Lending has announced a new £110m senior funding line with leading alternative asset manager, Pollen Street Capital. Launched this year, Morpheus has built a “digital-only” bridging platform centred around speed and efficiency, for both clients and brokers. Building on their progress to date, the new funding line will now aim to enable further growth and scale to support more property professionals, landlords and SME’s operating across the United Kingdom.
Commenting on this latest update, CEO and Founder Matt Mawdesley said that this marks a significant step in their “journey as we look to build on our early momentum.”
They added that for Morpheus to get this level of backing from an operator such as Pollen Street to “accelerate their growth is a testament not just to the team, but to the product and platform they have built.”
Morpheus provides unregulated bridging loans up to “£1.5m in England and Wales across residential, semi-commercial and commercial properties.”
Its technology and customer centric approach “has seen deals complete in as little as 3 days, with the number of brokers on their platform now scaling significantly.”
James Bevans, Investment Director at Pollen Street Capital has commented that Morpheus has assembled an “experienced and well-rounded senior team and executive board.”
Bevans added that they are pleased to be on the growth journey with them and look forward to “a mutually beneficial relationship over the long term, as they continue to leverage technology and human experience to provide the best possible service for their customers.”
Looking to the future, Matt added that as they aim to continue scaling their tech-first approach to specialist lending, they are feeling optimistic “for the future and the foundations this facility provides.”
As they prepare to enter the new year, they will reportedly be “focusing on sustainable and safe growth, further technology enhancements, new products and an evolving approach to genuinely solving customer and broker problems.”
