The equity investment comes from IAG Silverstripe, who exclusively led its $30 million Series A round in September 2022, as well as from the lender’s existing backers.
With the new funds, the newly-licenced bank aims to launch Perenna Mortgage, its long-term (20 to 30 year) fixed rate product, claiming a waitlist of over 5,000 customers already. Perenna says it will invite eligible waitlist applicants to apply over the following weeks, as it plans a broader public rollout towards the end of the year.
