Bomadu
Curated by SignalRetail challenger bank aiding home deposit savings and loans.
Overview
Bomadu is a retail challenger bank that focuses on helping individuals save for their first home deposit and enter the property market. The bank offers a current account that includes features such as debit cards, direct debits, and standing orders, which are intended to assist users in managing their finances. Bomadu also provides a home deposit loan that covers 100% of the deposit amount, with interest rates that are described as competitive. This service is aimed at individuals who may have difficulty saving for a home deposit without external assistance. The bank seeks to address financial barriers to home ownership and is in the process of obtaining regulatory approval while utilizing crowdfunding as a means of raising capital.
Key facts
- Founded
- 2019
- Headquarters
- London, United Kingdom
- Stage
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- Industry
- Financial Technology
- Sector
- Digital Banks
Business model
- GTM channel
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- 1 product or service
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Contact
- Primary office
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