Wayhome raises £8 million

London-based Real estate startup Wayhome has closed an £8 million Series A round of funding that saw participation from Allianz X, Augmentum Fintech, Volution, Love Ventures, and Cur8 Capital. The cash will be used to reach a break even point.

Founded in 2016 as Unmortgage, Wayhome offers a part rent, part buy model to help people become homeowners with a down payment as little as 5%.

Wayhome currently has an annual rate of £100 million deployed in customer property purchases.

“It’s never been harder to buy a home, but Wayhome is shifting the paradigm with its business model. It is a prime example of creating positive social impact whilst also delivering returns.” – Johannes Walder, Allianz X.