European law firm Fieldfisher has advised long-standing client Tembo Money, the award-winning digital savings and mortgage platform, on its £16 million growth equity financing led by Gresham House Ventures.
The round also included continued support from existing investors Goodwater Capital, Aviva Investors, McPike Family Office, Love Ventures, Ascension, as well as new participation from the British Business Bank via Ascension. This follows Tembo Money’s £14 million Series B financing completed last year, on which Fieldfisher also advised.
The funding marks another significant milestone for Tembo after a very strong 2025. The company’s savings business grew tenfold and now oversees £3 billion in assets under administration, driven by increased adoption of its app for saving, planning and buying a first home. The new capital will support the further expansion of Tembo’s app and its end-to-end homebuying platform. With this momentum, the company is on track to capture 20% of the UK first-time buyer market within the next two years.
This transaction highlights Fieldfisher’s strong credentials in advising high-growth companies on later-stage financing rounds, and reinforces the firm’s depth of expertise within its Emerging Companies and Venture Capital team. The deal required fast-paced coordination with new and existing investors and their advisers, reflecting the complexity of the structure and the need for meticulous execution.
The Fieldfisher team advising Tembo Money was led by Corporate Partner Tom Ward and Legal Director Andrew Oliver from the Emerging Companies and Venture Capital practice, with support from Corporate Solicitor Julija Venckute.
Commenting on the deal, Tom Ward said: “We’re delighted to have supported Richard and the team again on another significant financing round. Tembo has had a very strong year, and this financing will accelerate its impact across the UK’s mortgage and savings market. We’re thrilled to see their success as they continue to scale.”
Richard Dana, Co-Founder and CEO of Tembo Money, commented: “It has been a pleasure to work again with Tom, Andrew and the Fieldfisher team. They have again provided amazing legal and deal advice, helping us to secure the funding we need to power Tembo’s growth.”
This transaction follows other recent work by the team, including advising Hived on its $42 million Series B financing announced in July 2025, and underscores Fieldfisher’s continued commitment to supporting innovative, high-growth businesses as they scale.