This startup provides personalized banking and financial services through cloud-based technology, offering flexible loans and fixed-rate savings products. By integrating capital and liquidity management with product design, the company meets the evolving financial needs of clients from a single platform.
Funding
$12.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional banking services often lack flexibility and personalization, requiring customers to navigate complex processes and products that don't fully align with their individual financial needs. This can lead to missed opportunities for maximizing savings and securing appropriate mortgage options.
Solution
Chetwood Bank is a UK-based digital bank that provides straightforward savings accounts and buy-to-let mortgages through its ModaMortgages and CHL Mortgages brands. The bank focuses on delivering a simple and efficient experience through an online platform, offering competitive interest rates on savings products and a streamlined mortgage application process. Chetwood Bank leverages technology to offer products designed for today's world, emphasizing ease of understanding, quick setup, and simple management. Mortgages are available exclusively via intermediaries.
Target Audience
The primary audience includes individuals seeking straightforward savings solutions and mortgage brokers looking for buy-to-let mortgage options for their clients.
Features
- Online savings accounts with interest earned from day one
- A range of fixed-rate savings products with varying terms
- Buy-to-let mortgages offered through ModaMortgages and CHL Mortgages brands
- Automated mortgage application process for faster service
- Online support team available during business hours