MASTHAVEN FINANCE LIMITED

Masthaven Finance (Masthaven) was founded in 2005 by Andrew Bloom as a specialist property finance lender. The company achieved substantial growth within the specialist finance market. In 2011, the company attracted significant investment from the William Pears Group. In April 2016, the company was granted a full UK banking license and became Masthaven Bank, expanding its offerings to include specialist property finance, mortgage lending, and digital retail savings solutions. In April 2019, Värde Partners made a strategic equity investment in Masthaven. By April 2022, Masthaven Bank had originated in excess of 1.4bn of lending and opened over 25,000 savings accounts totalling 1.6bn. Masthaven announced its intention to withdraw from the UK banking market in February 2022 and changed its name to Genclose Limited and entered a solvent wind-down.