Pollen Street backs £110m funding line for Morpheus

Pollen Street Capital has agreed a £110m senior funding line for Morpheus Lending, a UK specialist lender.

The facility will support further growth of Morpheus’ digital-only bridging platform, which serves property professionals, landlords and small to medium-sized enterprises in the UK, the firms said.

“This marks a significant step in our journey as we look to build on our early momentum,” said Matt Mawdesley, chief executive and founder of Morpheus. “For Morpheus to get this level of considerable backing from a quality operator such as Pollen Street to accelerate our growth is a testament not just to the team, but to the product and platform we have already built.”

Morpheus provides unregulated bridging loans of up to £1.5m in England and Wales, targeting residential, semi-commercial and commercial properties. Pollen Street, meanwhile, manages more than €7bn (£6.1bn) in assets on behalf of investors.

“Morpheus has assembled an incredibly experienced and well-rounded senior team and executive board,” said James Bevans, investment director at Pollen Street Capital. “We are thrilled to be on the growth journey with them and look forward to a mutually beneficial relationship over the long term, as they continue to leverage technology and human experience to provide the best possible service for their customers.”