Firenze secures £2.5M to open up Lombard lending
Firenze, a fast-growing fintech firm, has secured £2.5m ($3.2m) in funding to expand access to Lombard lending, a form of borrowing against investment portfolios, beyond the ultra-wealthy.
The investment was led by Outward VC, which has previously backed Curve, PrimaryBid, and Vauban, with participation from Portfolio Ventures, Form Ventures, and high-profile investors such as Lord Fink, founder of Man Group.
The startup intends to broaden Lombard lending, which has previously been reserved for residents with assets worth more than £1m.
By connecting its embedded finance platform with wealth managers, Firenze allows bulk affluent investors to borrow against their portfolios without transferring assets or changing custody. It intends to lend £1bn over the next three years.
David Newman, CEO of Firenze stated: "We are thrilled to have Outward, Form, Portfolio Ventures and an incredible range of angel investors backing our vision to broaden access to Lombard lending. Market demand has far exceeded our expectations, and this funding enables us to accelerate Firenze's rollout to more wealth managers, support their advisors and drive awareness on the benefits of Lombard lending.
'Having Andi and the Outward team lead this round is a privilege. From the outset, it was clear we shared a vision for building a category defining, venture-scale leader in Lombard lending. Firenze is at the forefront of this market and this investment allows us to move even faster toward that goal.'
Andi Kazeroonian, Principal at Outward VC added: 'Outward has a long-standing thesis around the power of combining technology, networks and innovative structures to open up exclusive financial products to a much larger audience whilst also transforming the user experience. Firenze is the embodiment of this, bringing to market a highly demanded solution that acts as a clear win-win-win for borrowers, wealth managers and funders. David and his talented team have executed at an exceptional velocity to bring this vision to life and we are delighted to support them on their journey to build the next category defining fintech.'
Furthermore, Firenze has already worked with financial managers managing £75bn in assets and offers loans starting at £65,000. Because these loans are secured by liquid investments, they have lower interest rates and speedier approvals than standard unsecured loans.
The funding follows Firenze's recent strategic actions, which include a £160m partnership with Monument Bank and major senior appointments such as Paul Pester (former CEO of Virgin Money and TSB) as chairman.
With fresh investment, the firm is focused on expanding partnerships, enhancing its platform, and scaling operations to achieve its ambitious lending target.
"Firenze secures £2.5M to open up Lombard lending" was originally created and published by Private Banker International, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
03-06-2025
- Yahoo
⏳Inter-Inzaghi talks: renewal or exit, Saudi and Juve interest👀
The heavy 5-0 defeat suffered by Paris Saint Germain in the Champions League final has left a deep mark on Inter, but in these hours the club is called to resolve another fundamental issue: the future of Simone Inzaghi. The coach is considering a particularly enticing offer from Al-Hilal, which continues to push to bring him to Saudi Arabia, in addition to the sensational move made by Juventus in recent weeks. Advertisement A decisive meeting is set for today between the coach, President Marotta, Sporting Director Ausilio, and representatives of Oaktree: a summit that will clarify whether the paths between Inzaghi and Inter will separate or continue together. The management has already started to consider alternatives such as De Zerbi and Fabregas, while the American ownership of Oaktree is pushing for the confirmation of the coach who has guaranteed significant revenues. In fifteen days, Inter will be involved in the Club World Cup, making a decision on the future of the Nerazzurri bench unavoidable. 🤑 The future of Inzaghi and the offer from Al-Hilal Coach Simone Inzaghi is at the center of Inter's evaluations, just days after the bitter defeat in the Champions League final. Advertisement In recent days, a very rich offer has arrived from Al-Hilal, which the coach has not closed, suggesting some doubt on his part as well. In Arabia, there is talk of a ready contract with figures ranging between 30 and 50 million euros per year for a couple of seasons. Just in these hours, the appointed intermediary is in Milan to discuss the final details and get a definitive answer. The coach's decision must arrive within the next 24 hours. 💥 Today the decisive summit Today a crucial meeting is set between Inzaghi and the Inter management. In a climate of bitterness and reflection after the European defeat, the parties will try to understand if there are still conditions to continue together. Advertisement Inter does not want to start the new season with a coach expiring on June 30, 2026, and for this reason, the club has already started to evaluate alternatives. However, the American ownership of Oaktree, which has benefited from the revenues generated during the Inzaghi cycle, is pushing for the coach's confirmation. ⚖️ The alternatives: De Zerbi and Fabregas In case of a farewell with Inzaghi, the club is thinking of a young profile. De Zerbi is the favorite of Piero Ausilio, but he has already promised Marseille to stay another year in France. Fabregas, currently at Como, could instead become the first choice, but the Lombard club is not willing to stand by and the Spanish coach still needs to be convinced to accept the potential offer. 💣 The sensational attempt by Juventus Juventus, in recent weeks, has conducted a survey with Inzaghi's agent, Tullio Tinti. Advertisement According to Tuttosport, then director Cristiano Giuntoli had made contacts to evaluate the possibility of a future agreement, but the attempt stalled after the renewal of the Juventus technical area and the automatic confirmation of Igor Tudor until 2026, following qualification in the Champions League. However, the confirmation of Juventus' interest in Inzaghi remains, a sign that the Nerazzurri coach is also appreciated outside of Inter. 🏆 Club World Cup incoming Inter cannot afford further hesitation: in fifteen days the team will be in America to play the Club World Cup. The debut is set for Tuesday, June 17 at 18 local time, when it will be 3 in the morning on June 18 in Italy, at the Rose Bowl Stadium in Los Angeles against the Mexicans of Monterrey. Advertisement This imminent commitment imposes to quickly establish who will lead the team in the next season, whether it will still be Inzaghi or if a new coach will be chosen. So today will be the day of truth, with no possibility of updates or postponements. This article was translated into English by Artificial Intelligence. You can read the original version in 🇮🇹 here. 📸 NICOLO CAMPO - AFP or licensors
Yahoo
30-05-2025
- Yahoo
France says talks with China failed to solve cognac dispute
PARIS (Reuters) -Talks between China and France on Thursday failed to end a dispute between the two countries over cognac tariffs, French Finance Minister Eric Lombard said, although he added the door was open for further discussions. After trade tensions flared between Beijing and Brussels, China began an anti-dumping investigation into European Union brandy in January. It was extended in April, giving EU exporters more time to find a way to avoid Chinese penalties. "At this stage, the economic dialogue has not led to a definitive solution to this dispute," Lombard told journalists after wide-ranging talks with visiting Chinese Vice Premier He Lifeng at the finance ministry in Paris. "I know, having discussed it at length with His Excellency, that the door to discussion remains open," he added. In France, the Chinese anti-dumping probe is regarded as retaliation for Paris' support for EU tariffs on imports of Chinese electric vehicles. "The investigating authorities will make a decision on the basis of investigation in accordance with laws and regulations and on the basis of the facts," He said. Chinese official news agency Xinhua's readout of the meeting focused on He speaking about China's readiness to "enrich bilateral economic and financial cooperation" and create a good trade and investment environment with France. Cognac lobby, the National Interprofessional Bureau of Cognac, said in a statement the absence of an agreement could have "catastrophic effects" on its industry and region, saying that every day that passed without a resolution was painful. "We expect full mobilisation of our government to avoid the definitive imposition of these tariffs on July 5," it said. Separately, the French agriculture ministry said the two countries had signed two protocols to formalise an agreement to allow unaffected regions to continue poultry exports in the event of a bird flu outbreak in France, and to provide access for French poultry to the Chinese market. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Journals
07-05-2025
- Business Journals
Capital Healthcare, HSG Medical buy Lombard office for $3M
Story Highlights Capital Healthcare Properties and HSG Medical acquired Lombard medical building. Duly Health and Care leased space, bringing occupancy to 100%. Property upgrades planned, including new parking lot and roof. Capital Healthcare Properties and HSG Medical acquired a distressed Lombard medical office building for $3 million. Shortly after the joint venture closed on the sale of the 21,000-square-foot building at 2830 S. Highland Ave., Chicago-area health care provider Duly Health and Care signed a long-term lease to occupy 14,000 square feet, boosting the property's occupancy to 100%. GET TO KNOW YOUR CITY Find Local Events Near You Connect with a community of local professionals. Explore All Events Potbelly's and SimonMed Imaging are also tenants of the property located near the Yorktown Center shopping mall and Oak Brook Mall. The property was acquired from a special servicer but was previously owned by an affiliate of Inland Private Capital, according to Kage Brown, managing partner with HSG Medical. 'The special servicer for a commercial mortgage-backed securities loan on the property foreclosed on Inland and took over the property last year,' said Brown. 'Despite the relative strengths in the medical and retail sectors, there still remain distressed opportunities in the real estate market.' Upgrades to the property are set to begin this summer and will include a new parking lot, new roof, enhanced front sidewalks, exterior tuckpointing and landscaping. 'As the cost of new construction continues to rise, we are focused on finding strategic health care opportunities within existing buildings, positioning us to meet growing demand in the outpatient sector while achieving significant value through adaptive reuse,' added Brown in a statement. This is the second venture in the Chicago market for the joint venture, which also purchased a vacant 43,000-square-foot LA Fitness building in Naperville in 2024. They plan to convert the space into a cardiac center for Advocate Health that's slated for completion in 2026. 'In a short period, our team has built a medical portfolio totaling nearly 150,000 square feet and valued at over $50 million,' said Brown. 'And we are aggressively growing our pipeline with deals in the suburbs of Chicago as well as other target markets including Columbus, Ohio, and Phoenix, Arizona.' Matt Tarshis and Andrew Rubin with Frontline Real Estate Partners represented the seller. Demand for medical buildings in the Chicago market remains strong, said Brown. 'By [next year], 70% of all health care services in the U.S. are expected to be delivered in outpatient settings, leading to significant demand for outpatient facilities, such as our Lombard and Naperville developments,' said Brown. Sign up for the Business Journal's free daily newsletter to receive the latest business news impacting Chicago.
