About Fleet Mortgages
Fleet Mortgages is a company based in Fleet (United Kingdom) founded in 2013 was acquired by Starling Bank in July 2021. It operates as a Brokerage / Intermediation. Fleet Mortgages has raised $3.3 million across 1 funding round from investors including Starling Bank. The company has 101 employees as of March 31, 2022. Fleet Mortgages offers products and services including Standard Buy-to-Let Mortgage, HMO/MUFB Mortgage, and Limited Company Mortgage. Fleet Mortgages operates in a competitive market with competitors including Selina Finance, Close Brothers, Praetura Asset Finance, Simply Asset Finance and Haydock Finance, among others.
- Headquarter Fleet, United Kingdom
- Employees 101 as on 31 Mar, 2022
- Stage Minicorn
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Fleet Mortgages
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Annual Revenue
$31.98 M (USD)138as on Dec 31, 2022
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Net Profit
$8.84 M (USD)350as on Dec 31, 2022
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EBITDA
$10.91 M (USD)345as on Dec 31, 2022
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Total Equity Funding
$3.3 M (USD)
in 1 rounds
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Latest Funding Round
$3.3 M (USD), Seed
Aug 04, 2014
- Investors
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Employee Count
101
as on Mar 31, 2022
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Acquired by
Starling Bank
(Jul 26, 2021)
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Products & Services of Fleet Mortgages
Fleet Mortgages offers a comprehensive portfolio of products and services, including Standard Buy-to-Let Mortgage, HMO/MUFB Mortgage, and Limited Company Mortgage. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Mortgage products for standard buy-to-let properties are offered.
Specialized mortgage products for HMO and MUFB are provided.
Mortgage solutions for limited company structures are facilitated.
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Funding Insights of Fleet Mortgages
Fleet Mortgages has successfully raised a total of $3.3M through 1 strategic funding round. The most recent funding activity was a Seed round of $3.3 million completed in August 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $3.3M
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First Round
First Round
(04 Aug 2014)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2014 | Amount | Seed - Fleet Mortgages | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Fleet Mortgages
Fleet Mortgages has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Starling Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Digital banking services are offered to consumers and businesses.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Fleet Mortgages
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Fleet Mortgages
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fleet Mortgages Comparisons
Competitors of Fleet Mortgages
Fleet Mortgages operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Selina Finance, Close Brothers, Praetura Asset Finance, Simply Asset Finance and Haydock Finance, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Consumer loans are provided to individuals by Selina Finance.
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| domain | founded_year | HQ Location |
Diversified financial services are provided across multiple sectors.
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| domain | founded_year | HQ Location |
Asset financing services are provided to UK-based businesses and organizations.
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| domain | founded_year | HQ Location |
Vehicle and equipment financing is provided to businesses.
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| domain | founded_year | HQ Location |
Asset financing company
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fleet Mortgages
Frequently Asked Questions about Fleet Mortgages
When was Fleet Mortgages founded?
Fleet Mortgages was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is Fleet Mortgages located?
Fleet Mortgages is headquartered in Fleet, United Kingdom. It is registered at Fleet, Hampshire, United Kingdom.
Who is the current CEO of Fleet Mortgages?
Bob Young is the current CEO of Fleet Mortgages.
Is Fleet Mortgages a funded company?
Fleet Mortgages is a funded company, having raised a total of $3.3M across 1 funding round to date. The company's 1st funding round was a Seed of $3.3M, raised on Aug 04, 2014.
How many employees does Fleet Mortgages have?
As of Mar 31, 2022, the latest employee count at Fleet Mortgages is 101.
What is the annual revenue of Fleet Mortgages?
Annual revenue of Fleet Mortgages is $31.98M as on Dec 31, 2022.
What does Fleet Mortgages do?
Fleet Mortgages is engaged in providing buy-to-let mortgage solutions through authorized brokers and intermediaries. The company operates within the financial services sector, focusing on mortgage lending for standard properties, HMOs, MUFBs, and limited company structures. Services are tailored to meet the needs of portfolio landlords and intermediary partners, ensuring quick turnaround times and simplified processes. Established in 2014 and acquired by Starling Bank in 2021, the company is based in Fleet, Hampshire, United Kingdom.
Who are the top competitors of Fleet Mortgages?
Fleet Mortgages's top competitors include Close Brothers, CNH Industrial Capital and Simply Asset Finance.
What products or services does Fleet Mortgages offer?
Fleet Mortgages offers Standard Buy-to-Let Mortgage, HMO/MUFB Mortgage, and Limited Company Mortgage.
Who are Fleet Mortgages's investors?
Fleet Mortgages has 1 investor. Key investors include Starling Bank.
What is Fleet Mortgages's valuation?
The valuation of Fleet Mortgages is $3.9M as of Aug 2014.
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