Firenze secures £2.5M to open up Lombard lending

Anika Sidhika

Wed, Mar 26, 2025, 5:24 AM 2 min read

Firenze, a fast-growing fintech firm, has secured £2.5m ($3.2m) successful backing to grow entree to Lombard lending, a signifier of borrowing against concern portfolios, beyond the ultra-wealthy.

The concern was led by Outward VC, which has antecedently backed Curve, PrimaryBid, and Vauban, with information from Portfolio Ventures, Form Ventures, and high-profile investors specified arsenic Lord Fink, laminitis of Man Group.

The startup intends to broaden Lombard lending, which has antecedently been reserved for residents with assets worthy much than £1m.

By connecting its embedded concern level with wealthiness managers, Firenze allows bulk affluent investors to get against their portfolios without transferring assets oregon changing custody. It intends to lend £1bn implicit the adjacent 3 years.

David Newman, CEO of Firenze stated: "We are thrilled to person Outward, Form, Portfolio Ventures and an unthinkable scope of angel investors backing our imaginativeness to broaden entree to Lombard lending. Market request has acold exceeded our expectations, and this backing enables america to accelerate Firenze’s rollout to much wealthiness managers, enactment their advisors and thrust consciousness connected the benefits of Lombard lending.

“Having Andi and the Outward squad pb this circular is simply a privilege. From the outset, it was wide we shared a imaginativeness for gathering a class defining, venture-scale person successful Lombard lending. Firenze is astatine the forefront of this marketplace and this concern allows america to determination adjacent faster toward that goal.”

Andi Kazeroonian, Principal astatine Outward VC added: “Outward has a long-standing thesis astir the powerfulness of combining technology, networks and innovative structures to unfastened up exclusive fiscal products to a overmuch larger assemblage whilst besides transforming the idiosyncratic experience. Firenze is the embodiment of this, bringing to marketplace a highly demanded solution that acts arsenic a wide win-win-win for borrowers, wealthiness managers and funders. David and his talented squad person executed astatine an exceptional velocity to bring this imaginativeness to beingness and we are delighted to enactment them connected their travel to physique the adjacent class defining fintech.”

Furthermore, Firenze has already worked with fiscal managers managing £75bn successful assets and offers loans starting astatine £65,000. Because these loans are secured by liquid investments, they person little involvement rates and speedier approvals than modular unsecured loans.

The backing follows Firenze's caller strategical actions, which see a £160m concern with Monument Bank and large elder appointments specified arsenic Paul Pester (former CEO of Virgin Money and TSB) arsenic chairman.