# Selina Finance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/selina-finance

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.selinafinance.co.uk
- Total disclosed funding: $51M
- Latest round: Series B (Dec 22, 2021)
- Investors on record: 4

## About

Selina Finance Limited is a financial services company specializing in flexible secured loans and home equity lines of credit (HELOC) for customers across the UK. Its offerings cater to various financial needs, ensuring accessible capital solutions for borrowers.Founded in 2019, Selina Finance Limited, headquartered in London, UK, focuses on providing secured loans and HELOC products. The company has successfully completed 4 deals, with its most recent deal date being February 8, 2022. Selina Finance secured USD 115 mn in a VENTURE DEBT round led by Goldman Sachs Merchant Banking Division, contributing to a total amount raised of USD 26.83 mn. The founders include Hubert Fenwick, Leonard Benning, and Michael Biemann, with Hubert Fenwick serving as the CEO.Selina Finance primarily specializes in providing flexible secured loans and home equity lines of credit (HELOC) to customers in the United Kingdom. Their core offerings include secured loans ranging from GBP 10,000 to GBP 500,000, aimed at addressing various financial needs such as debt consolidation, home improvements, and educational expenses. The HELOC product allows clients to draw funds as needed and repay without incurring early repayment charges, thereby offering maximum flexibility in accessing capital. Selina Finance targets a diverse customer base, including homeowners seeking to leverage their property equity for financial needs, and serves the UK market specifically.In the most recent financial year of 2023, Selina Finance reported a revenue of USD 14,922,214.80. The company's EBITDA for the same year was USD -19,399,784.20. Selina Finance generates revenue through interest on secured loans and HELOCs, structured to offer competitive lending rates starting from 5.94%. The business model mainly involves clients submitting online applications for personalized quotes, which do not affect their credit scores. Once clients proceed with the loan, necessary documentation is provided for approval, and funds can be disbursed within 48 hours.In February 2022, Selina Finance Limited raised USD 115 mn in VENTURE DEBT funding to support expansion across the UK. The company aims to utilize this funding to enhance its offerings and expand its market presence. Specific details on upcoming products have not been disclosed, but the focus remains on leveraging the financial backing to reach a broader customer base and improve service delivery.

## Funding rounds

- Series B, Dec 22, 2021, $36M — Broadhaven Capital Partners, Lightrock, Global Founders Capital, Picus Capital
- Series A, May 1, 2020, $15M — Global Founders Capital, Picus Capital

## Investors

- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Series A, Series B
- Picus Capital (https://capitalatlas.ai/funds/picus-capital) — Series A, Series B
- Broadhaven Capital Partners (https://capitalatlas.ai/funds/broadhaven-capital-partners) — Series B
- Lightrock (https://capitalatlas.ai/funds/lightrock) — Series B