What is LiveMore Capital?
LiveMore Capital was established in response to the Financial Conduct Authority's (FCA) initiative to support the growing market for retirement interest-only mortgages. The company aims to provide flexible RIOM solutions to customers aged 55 and above. Its team comprises professionals with extensive experience from established and challenger mortgage lenders, complemented by significant credit and financial expertise, positioning LiveMore Capital as a key player in this specialized lending niche.
How much funding has LiveMore Capital raised?
LiveMore Capital has raised a total of $673.9M across 2 funding rounds:
Debt
$372.6M
Debt
$301.3M
Debt (2022): $372.6M with participation from National Westminster Bank
Debt (2023): $301.3M led by Citigroup
Key Investors in LiveMore Capital
National Westminster Bank
National Westminster Bank, also known as NatWest, is a prominent UK-based retail and commercial bank offering a comprehensive suite of financial services. Their involvement suggests a strong belief in LiveMore Capital's business model and market potential.
Citigroup
Citigroup is a global financial services giant providing a wide array of banking and financial products. Their participation in LiveMore Capital's funding round highlights the lender's strategic importance and potential for significant returns.
What's next for LiveMore Capital?
The substantial enterprise-level backing and recent strategic investment indicate LiveMore Capital is in a scaling phase, likely focusing on expanding its product offerings, enhancing its technological infrastructure, and increasing its market reach within the UK. This capital will be instrumental in meeting the increasing demand for RIOM products from the aging population, further solidifying its position as a specialist lender.
See full LiveMore Capital company page
