"We've secured strong funding and have a clear commitment to simplifying the customer journey through technology."
- Matt Mawdesley, co-founder and CEO at Morpheus Lending
A new specialist and digital-only bridging lender has entered the market.
Matt Mawdesley, a 32-year-old entrepreneur from Manchester, has launched Morpheus, which will offer funding solutions for UK commercial, corporate, and property professionals.
Previously head of strategy at Together and AO.com, Matt has held senior roles across the mortgage, technology, private equity, and banking sectors.
Matt has joined forces with industry specialists Lee Jones (co-founder and chief financial officer), Richard Lawton (operations director), and Ash Richardson (head of sales).
They are further supported by a 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.
Morpheus will initially focus on bridging loans up to £750,000, leveraging a range of technology in its platform, including biometric authentication and open banking, as well as digital Know Your Customer and due diligence checks.
Additionally, the team has built a bespoke property valuation tool, offering embedded electronic signatures and automated tasks and chasers for brokers and customers.
Matt Mawdesley, co-founder and CEO at Morpheus Lending, said: “I’m incredibly proud to launch Morpheus with the team and introduce an innovative, new way of lending.
“This digital and more efficient experience is what customers have been crying out for, and with the right people on board, we're confident in our offering going from strength to strength. We've secured strong funding and have a clear commitment to simplifying the customer journey through technology.
"Drawing on years of industry experience and understanding of the complexities that customers, brokers and lenders face, we saw an opportunity to change that by creating a solution that takes a truly digital-first approach. This ultimately will set us apart in the UK bridging lending space and therefore lead to better collective outcomes for all stakeholders.”
