INSUBCONTINENT EXCLUSIVE:
additional funding.Billed as a seed round, backing comes from Anthemis, the fintech investor, and Axel Springer Digital Ventures, the
early-stage venture arm of European digital publisher Axel Springer
investors include Global Founders Capital, Concrete VC (backed by Starwood Capital Group), Savills, EF, Trusted Insights and Le Studio VC,
along with angel investors Matt Robinson (Nested), Chris Mairs (EF), Charlie Songhurst, Nicolas Berggruen and Julian Critchlow.Founded in
2016 by Vadim Toader and Stefan Boronea, Proportunity wants to help first-time buyers purchase a home that is more suited to their needs
effectively put down a bigger deposit and therefore secure a more competitive mortgage
This, claims the startup, also enables the home buyer to potentially purchase a larger or better-located property, and reduce the amount of
interest charged by the mortgage lender in the long term.The way it works, therefore, is quite similar to the U.K
Like Help To Buy, when you sell the house or remortgage it in within five years, you have to repay the Proportunity equity loan at 15% of
the current market price.Therefore, if the price of the house has gone up, the amount you pay back also will have increased
forecasting technology, which claims to be able to identify good-value properties in up-and-coming areas
equity-based property loans both for the lender and borrower.With regards to how many homes Proportunity has helped finance, the startup
explain to customers, but actually they tend to get it quickly due to awareness of the U.K
