# StepLadder Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/stepladder-solutions

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.joinstepladder.com
- Total disclosed funding: $2.2M
- Latest round: Seed (Aug 8, 2019)
- Investors on record: 3

## About

Founded in 2015 and based in London, UK, StepLadder provides peer-to-peer lending for first-time homebuyers. Matthew Addison and Lucy Mullins are the co-founders of the company. In April 2021, the firm raised GBP 0.11 million in an equity crowdfunding round and has secured a total of GBP 1.75 million expansion funding from BBVA and Anthemis Venture Creation and Seedcamp, and other Angel investors.

The firm helps first-time buyers raise money through collaborative finance and education by re-imagining a well-known global financial concept, the ROSCA (Rotating Savings, and Credit Associations) which allows everyone to contribute an identical amount every month ranging from GBP 25 to GBP 1,000. The company offers a random draw each month and the winner is provided with that month’s full pot to use toward their deposit. StepLadder matches GBP 500 a month circle for 20 months to raise GBP 10,000.

The company generates its revenue by providing a marketplace where it charges for membership fees, mortgage origination, referral fees, and licensing fees.

## Funding rounds

- Seed, Aug 8, 2019, $2.2M — BBVA, Seedcamp, Anthemis

## Investors

- BBVA — Seed
- Seedcamp (https://capitalatlas.ai/funds/seedcamp) — Seed
- Anthemis (https://capitalatlas.ai/funds/anthemis) — Seed