London-based Tembo Acquires Nude Finance

Tuesday 6, 2024 | By Startup Rise EU

London-based Tembo Acquires Nude Finance. At Tembo, they are focussed on building an industry-leading homebuyer platform for buyers and remortgagers - providing their customers with the fastest and most financially efficient route to homeownership.
Richard Dana (CEO of Tembo) and Crawford Taylor (Founder and CEO of Nude)

London-based Tembo Acquires Nude Finance. At Tembo, they are focussed on building an industry-leading homebuyer platform for buyers and remortgagers - providing their customers with the fastest and most financially efficient route to homeownership.

Nude’s mission aligns perfectly with our own - to help first-time buyers save up for a house fund sooner. This acquisition is the next step for them in helping more home buyers become homeowners.

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Together, they can continue to make home happen for the next generation, supporting their customers from the moment they start saving, all the way until they buy their first home.

Building up a deposit is one of the biggest hurdles first-time buyers face when it comes to getting on the ladder. Saving for your first home can take years - 10 years on average, to be exact. The average first-time buyer deposit now comes in at over £53,000 - an eye-watering sum, which is harder than ever to reach with cost of living pressures and rising rent.

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Nude is making it quicker and easier for customers to put money aside for their first home. Their award-winning app enables customers to set savings goals, track spending and benefit from the government’s LISA bonuses.

But that’s not all. With their proprietary, AI-driven insights, you can discover ways to cut down your time to buy, so you can be in a place of your own quicker.

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They have been partners with Nude for a number of years now, and the acquisition was the natural next step.Their audiences are one and the same - They were both trying to help first-time buyers get a place of their own, sooner. By embedding the Nude product into Tembo’s technology platform, they can support more buyers than ever into homeownership, from the first £1 saved all the way to getting their keys.

About Tembo

Tembo is an online digital mortgage broker that specializes in bridging the budget gap for first-time homebuyers, moving companies, and remortgagers. Two years in a row, they were voted the best mortgage broker in the UK, and they have assisted thousands of people in becoming homeowners.

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About Nude Finance

Crawford, a Senior Owning Partner at the biggest independent pension consultant in the UK, Hymans Robertson LLP, founded Nude. defending first-time homeowners.
Their objective is single-minded to assist you in achieving the most significant life milestones, beginning with home ownership. To be honest, saving for a down payment on a house is the pinnacle of financial objectives.

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