# Seven Summits Financial

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/seven-summits-financial

- Industry: Internet
- Headquarters: London, UK
- Website: www.strideup.co
- Total disclosed funding: $2.1M
- Latest round: Seed (Nov 28, 2017)
- Investors on record: 1

## About

Seven Summits Financial Ltd. provides Shariah-compliant home financing solutions, specifically designed to offer halal alternatives to conventional mortgages, focusing on inclusivity and flexibility for those looking to purchase homes.Seven Summits Financial Ltd. was founded in 2016 and is headquartered in London, UK. The company specializes in alternative home financing solutions that comply with Islamic law. The firm secured GBP 1.6 million in Seed funding in November 2017, led by Picus Capital, marking its singular deal to date. The founders, Rohan Trivedi and Sakeeb Zaman, have aimed to create a financing model that aligns with ethical principles and caters to underserved markets.StrideUp specializes in providing Shariah-compliant home financing solutions through its innovative Home Purchase Plans. These plans serve as halal alternatives to conventional mortgages, addressing the needs of individuals seeking to purchase homes without compromising their faith. StrideUp's offerings cater to a diverse client base, including families and individuals who may face barriers with traditional mortgage lenders. The company operates in various geographical markets across the UK, focusing on inclusivity and flexibility in home ownership. Their product is designed to facilitate access to home financing by eliminating credit checks and simplifying the application process, significantly improving the purchasing experience for end users.While specific revenue figures for StrideUp are not disclosed, the company’s transaction model is built around direct consumer interactions. Clients engage with StrideUp to secure financing under its Home Purchase Plans, which may involve structured payments over fixed terms of two or five years. The transaction process allows customers to lock in rates and make monthly payments that contribute to owning their homes outright, with the flexibility of making additional payments without incurring fees. StrideUp’s revenue is likely derived from the fees associated with their financial products, which are structured to align with ethical and fair principles, underpinning the company's commitment to transparency in its dealings. The company’s tailored approach ensures clients receive personalized support from qualified advisers throughout their home buying journey.In November 2017, Seven Summits Financial Ltd. secured GBP 1.6 million in Seed financing led by Picus Capital. This funding is expected to support the company's initiatives for product development and market expansion, focusing on launching new home financing options that cater to a broader audience. The strategic plan includes enhancing their existing offerings and exploring new geographical markets across the UK within the next two years, aiming to increase access to their Shariah-compliant products.

## Funding rounds

- Seed, Nov 28, 2017, $2.1M — Picus Capital

## Investors

- Picus Capital (https://capitalatlas.ai/funds/picus-capital) — Seed