See other companies on Welcome to the Jungle

Tembo

Alternative to guarantor mortgages

Tembo logo
21-100 employees
  • B2C
  • Property
  • Marketplace
  • Sharing Economy
  • Mortgages
  • Lending
  • Social Impact
Kensington, London, UK

Jump to section

Company mission

Tembo is on a mission to make homeownership happen for a new generation of buyers through smart family lending.

Few candidates hear
back within 2 weeks

76% employee growth in 12 months

Trustpilot (4.9)

Our take

Tembo is helping a new generation of home-owners get on the property ladder faster and for less. Tembo's deposit boost works by allowing older homeowners, such as parents or grandparents, help their loved ones to buy a property by securing a small mortgage against their own property.

The model has similarities to equity release schemes. However, Tembo is different as it will recommend interest-only mortgages to the benefactor, not schemes with no monthly repayments where interest can quickly mount up. The added bonus of Tembo's deposit boost is that it saves buyers tens of thousands of pounds by unlocking market-leading rates. On average, Tembo users could save £14,000 in interest charges over the initial term.

Tembo is part of PRIMIS Mortgage Network, a network of brokers which is regulated by the Financial Conduct Authority. This not only means it will offer mortgages from a panel of lenders rather than the whole market, but also that it may have access to deals that aren't available elsewhere. The company is part of the start-up business accelerator, Founders Factory, which in turn is backed by Aviva.

Freddie headshot

Freddie

Company Specialist at Welcome to the Jungle

Benefits

  • Progression and development opportunities - we’re scaling quick and are looking for the right people to join us on that growth journey
  • Fun London office - think cake Wednesday’s, Friday drinks, and of course dog friendly
  • Socials and away days - did someone say Junkyard Golf?!
  • Hybrid working - we know that flexibility is important so we ask our employees to work from the office at least twice per month

Company values

  • 👪 It’s all about people
  • 🔍 Find a way
  • ✂️ If you don’t like it, change it

Funding (2 rounds)

Apr 2023

$6.4m

EARLY VC

Aug 2021

$3.2m

SEED

Total funding: $9.6m

Leadership

Richard Dana

(CEO)

Former CFO of Founders Factory and co-founder of budget boutique hotel Doris&Dickey (which sold to Chic Retreats).

Geoff Wright

(CTO)

Previously a contractor at SilkFred, Babylon Health, StorIQ and BitPesa.

Eddie Ross

(CPO)

Co-founder of Circl. Gaming and background in product management at Mojo Mortgages and Quint Group.

Jobs (2)

All locations

Software Engineering

Sales & Account Management