Firenze: Fintech Startup Revolutionizing Lombard Lending
Firenze, a Manchester based fintech startup, has recently secured £750,000 in a pre-seed angel round to further its mission of democratizing access to Lombard lending. Founded by David Newman and Anna Curtis in January, Firenze offers an embedded finance platform that enables wealth managers to provide loans secured against investments to their clients, with a minimum starting amount of £25k. This innovative approach allows a wider range of borrowers to access the liquidity solution commonly reserved for high-net-worth individuals.
The successful pre-seed round saw significant interest from investors, making it one of the largest pre-seed angel raises outside London in recent months.
Notable investors involved in the funding include the scout funds of renowned VC firms like a16z and Atomico, as well as leading fintech super-angels and operators such as Amir Nooriala from Oak North and Charlie Delingpole from Comply Advantage. The support from industry executives at firms like Rothschild and Julius Baer highlights the confidence in Firenze's solution to revolutionize Lombard lending.
The fresh capital infusion will enable Firenze to expand its team and onboard the first set of wealth managers and investment platforms. With David Newman's experience as a former private banker and Anna Curtis' diverse background in finance and operations, the co-founders bring a wealth of expertise to drive Firenze's growth. The firm is poised to make a significant impact in the fintech landscape as it strives to make Lombard lending more accessible to a broader audience.
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