What does Sprive do?
Sprive is a fintech company that develops an AI-powered mortgage overpayment platform. Their flagship product is an AI mortgage assistant available on smartphones, designed to help users pay off their mortgages faster while ensuring they are always on the best deal.
How much did they raise?
The company raised $7.3M in Seed funding. The round was led by Ascension with participation from Channel 4 Ventures, Velocity Capital, and Two Magnolias.
What are their plans for the money?
With this funding, Sprive plans to expand its operations and business reach, which could significantly enhance its service capabilities and improve the way consumers manage their mortgage repayments.
What have they achieved so far?
Since its launch in 2021, Sprive has successfully integrated support for 14 of the UK's largest mortgage lenders, establishing a robust platform that underpins its innovative approach to mortgage management.
