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MPE 2026: Würth on Unified Commerce and the Necessity of Frictionless Payments

MPE 2026: Würth on Unified Commerce and the Necessity of Frictionless Payments

At MPE 2026, Sanket Barmma, part of the e-payments division of Würth Group, shared his […]

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Fintech

 WHY THIS MATTERS:This landmark regulatory milestone is a significant indicator of the ongoing evolution in specialist lending and UK long-term mortgage finance. For a non-deposit-taking institution to secure authorization for retail deposits—a historically low-cost, stable source of capital—it fundamentally alters their competitive posture against established high-street banks. The ability to vertically integrate funding allows a focused challenger like Perenna to dramatically lower its cost of funds, directly supporting the scaling of its extended fixed-rate products. In a market where fluctuating interest rates create acute affordability challenges, this move stabilizes the supply side of specialist housing finance. It signals a critical trend where innovative lenders are moving beyond wholesale markets to build resilient, full-stack financial architectures, ultimately pushing the entire sector toward greater product stability and consumer certainty Perenna, the UK’s first long-term fixed-rate mortgage provider, today announces that it has received authorisation from the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) to accept retail deposits. The approval comes as the lender expands its mortgage proposition to include a range of 5 to 15-year fixed-rate products and seeks to further diversify its funding strategy.  The new regulatory permission represents an important milestone for Perenna, enabling it to access additional sources of funding alongside its existing £200m warehouse facility with ABN AMRO, which currently supports its long-term fixed rate lending.   Launch of savings proposition with Raisin Perenna has partnered with Raisin, the world’s leading savings and investment platform, to launch its retail savings proposition. The partnership enables Perenna to offer fixed-term savings accounts with maturities from six months to five years, alongside 95-day notice accounts, to Raisin’s extensive customer base.   The move complements Perenna’s existing funding arrangements and supports the continued growth of its 5 to 15-year mortgage products, which were launched at the end of 2025 in response to rising consumer and broker demand and has already seen strong early uptake. The strengthened funding model positions Perenna to scale its expanded product offering and play a leading role in reshaping long-term mortgage finance in the UK.  Colin Bell, Chief Operating Officer at Perenna, said: “Gaining authorisation for retail deposits is a significant moment for Perenna in our growth and value story, and will enable our continued innovation in the mortgage market. As our products become more diversified in response to market demand, so too must our funding sources. “Launching a savings proposition is the natural next step for Perenna, and securing regulatory approval to do so is a testament to the quality of the controls, processes and people we have in place within the business. “We’re committed to providing innovative products to the market and creating a nation of happy homeowners. Working with Raisin, we can fund access to a broader range mortgage solutions for homeowners, giving borrowers greater financial certainty and helping them navigate the UK’s affordability challenge, through funding from savers.” FF NEWS TAKE: This announcement decisively moves the needle by proving that a modern, scaled funding model can successfully challenge the traditional banking oligopoly for capital. The immediate focus should shift to the execution of the Raisin partnership: specifically, how quickly and cost-effectively Perenna can attract a substantial volume of new retail money. If they execute this savings launch effectively, expect other challenger lenders to follow suit, further blurring the lines between specialty providers and chartered banks in the quest for capital advantage.

PRA & FCA Authorise Perenna to Accept Retail Deposits as Lender Boosts Funding Strategy

Perenna,announces that it has received authorisation from the PRA and the FCA to accept retail deposits

News

 Perenna receives UK Government grant funding to accelerate decarbonisation of UK housing stock

Perenna receives UK Government grant funding to accelerate decarbonisation of UK housing stock

Perenna, the start-up bank revolutionising the UK mortgage market, will use the grant funding to […]

Fintech

 Perenna’s long-term fixed rate mortgages launch to the wider broker market

Perenna’s long-term fixed rate mortgages launch to the wider broker market

Perenna has opened its mortgages to a wider range of FCA authorised intermediaries across the […]

Fintech

 Perenna-Announces-Exclusive-Partnership-with-L&C-Mortgages

Perenna Announces Exclusive Partnership with L&C Mortgages

Perenna has announced an exclusive partnership with L&C Mortgages as it begins lending this month. […]

Funding

 Perenna raises $52 million in latest funding round to establish a new financial infrastructure in the UK

Perenna raises $52 million in latest funding round to establish a new financial infrastructure in the UK

Perenna, a new bank with a mission to structurally change the UK mortgage market, has […]

Fintech

 perenna.jpg

Perenna set to disrupt mortgage market with bank licence approval

Perenna, a new bank which will structurally change the UK mortgage market through its unique […]

Fintech

 Perenna obtains banking licence and will be launching 30-year fixed rate mortgages in the near future | Fintech Finance

Perenna obtains banking licence and will be launching 30-year fixed rate mortgages in the near future

Perenna today has received its banking licence with restrictions from the Prudential Regulation Authority & […]

Fintech

Perenna obtains banking licence and will be launching 30-year fixed rate mortgages in the near future

Perenna today has received its banking licence with restrictions from the Prudential Regulation Authority & […]

News

 The Fundraising Rap Up #11 January 2021 | Fintech Finance

The Fundraising Rap Up #11 January 2021

With a new year and new month comes a brand new Fundraising Rap Up from […]

News

Perenna raises $10 million in latest funding round to bring fixed for life mortgages to UK market

Perenna, the London based fintech, has completed its latest funding round raising $10 million as […]

  1. MPE 2026: Würth on Unified Commerce and the Necessity of Frictionless Payments

    Event Videos 2026

     Read more
  2. MPE 2026: Wolt on Achieving An Invisible Checkout

    Event Videos 2026

     Read more
  3. How Fintech-Powered Fuel Cards Are Overhauling Fleet Expense Management

    Thought Leadership

     Read more
  4. Why Stablecoins Don’t Work Without Boring Infrastructure

    Thought Leadership

     Read more
  5. Chubb Names Kevin Rampe Global Head of Claims

    Insurtech

     Read more
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