Morpheus Lending offers unregulated bridging finance of up to 75% LTV, with loan terms of up to 12 months. 

The business will lend up to £750,000 against residential, semi-commercial and commercial properties in England and Wales.

The finance provider’s end-to-end lending process is carried out digitally via its custom-built platform, which combines a range of fintech solutions — including secure and automated biometric ID tools, digital KYC and AML checks, open banking, and AI — with human-led decision-making.

This was designed to offer a streamlined and more efficient process, reducing the time to fund and taking legacy tasks and paper out of the entire journey. 

The company was launched by Matt Mawdesley and Lee Jones, who will lead the business as CEO and CFO, respectively.

Having previously worked as head of strategy and innovation at Together, Matt’s focus has been on developing the business from the ground up, with the aim of disrupting the specialist finance market via innovation and a focus on solving process pain points. 

Lee is a chartered accountant by background, having owned, built and sold numerous businesses across multiple sectors. 

The lender has also appointed ex-OSB Group head of bridging, Richard Lawton, as operations director.

In his new role, Richard will use his extensive industry experience to ensure the company lends safely and efficiently as the business scales.

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In addition, Morpheus is backed by a strong team of board advisers and non-executive directors, which include Together’s former chief risk officer Steve Miller, HSBC’s head of growth lending Roland Emmans, and Connells Group’s chief information officer Tom Pirrie.

“I’m incredibly excited to introduce Morpheus and a new innovative way of lending that we believe the bridging sector has been eagerly waiting for,” said Matt.

“We’ve put together a fantastic team comprising hugely experienced professionals from across a range of sectors, so we’re confident that our offering will only go from strength to strength.

“Having spent years working at the intersection of technology, strategy and customer needs, we know first-hand the challenges faced — none more so than in the specialist lending sector. 

“That’s why we’ve created a solution that puts customers and brokers at the centre with a truly digital-first approach, setting us apart in the UK bridging space. 

“At Morpheus, we blend smart technology with the personal touch of industry experts, ensuring that borrowers get the peace of mind and superior experience they need and deserve.”

Richard added: “I’m very pleased to join Morpheus at this exciting time as we launch a new digital-only lender in the bridging sector. 

“With strong funding and a commitment to innovation, we aim to simplify the customer and broker journey by leveraging technology. 

“Matt's vision, future growth plans for the company, and the unique opportunity to help build and shape the offering from the ground up drew me to the role, and I'm excited to drive forward our mission." 

Pictured above (L-R): Morpheus’ non-executive director Tom Pirrie; CEO and co-founder Matt Mawdesley; operations director Richard Lawton; and non-executive director Steve Miller