The lender, which operates in the unregulated bridging sector, has a custom-built digital platform that facilities bridging loans across England and Wales.
The inaugural deal was an unregulated bridging loan completed within eight working days from initial enquiry to completion.
The transaction leveraged Morpheus’ in-house, AI-driven AVM tool, alongside more than a dozen other API-integrated technologies.
- The Finance Professional Show 2024: The Video
- New institutional brand Octopus Capital launches
- Quantum launches bridging proposition
Co-founded by CEO Matt Mawdesley (pictured above, right), Morpheus has spent the past year developing its proprietary technology, building robust policies and legal frameworks, and establishing relationships with key stakeholders.
Commenting on the transaction, Matt said: “This first deal is the culmination of over a year’s hard work from the whole team and marks the start of what we believe is an incredibly exciting journey for Morpheus.
"We see a huge opportunity to drive innovation and deliver sharp customer and broker focus in the specialist lending sector — powered by technology and excellent service.
“We look forward to working with more property professionals as we scale, expand our offering, and bring continued innovation to the market.”
Leave a comment