Mortgage overpayment app Sprive raises $10m in Series A funding backed by Ascension, Channel 4 Ventures, and Velocity EIS Technology Fund.
PRIVATESep 21, 2026
Amount Raised
$10 Million
Round Type
Series A
LondonFinanceFintech
Investors
Rank VenturesWealth ClubActive PartnersAscensionChannel 4 VenturesVelocity EIS Technology Fund
Description
Sprive, a mortgage overpayment app founded by former Goldman Sachs bankers, has closed a $10m Series A funding round. The round was led by existing investors Ascension, Channel 4 Ventures, and Velocity EIS Technology Fund, alongside new investors Active Partners, Wealth Club, and Rank Ventures. The funding brings Sprive's total capital raised to over $15m. The company plans to use the capital to accelerate customer acquisition and revenue growth.
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Company Information
Company
Sprive
Location
London, England, United Kingdom
About
Sprive is a U.K. fintech app designed to facilitate mortgage overpayments, enabling users to repay their mortgages faster through automation and cash-back rewards. Launched in October 2021, it claims to save users an average of £10,000 over the lifetime of their mortgage. The app works by linking everyday shopping to mortgage payments, allowing users to use savings from cash-back offers to pay off their mortgages. Sprive aims to innovate in the mortgage industry by providing a digital solution that improves customer acquisition for lenders.
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