In December alone, the company has completed over £55m facilities to SMEs and borrowers looking to refinance.

According to Peter Matthews, director at Brydg, the lender is looking to hit the £2bn lending mark within the next two years.

“Brydg’s scale is growing bigger and bigger every month as we attract new clients and with access to efficient capital, our existing clients grow rapidly too,” added Peter.

“To hit the landmark of £1bn within such a short period proves that Brydg has truly transformed and democratised the property market.

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“Using sophisticated and proprietary artificial intelligence coupled with advanced technologies and data science forms the basis of our speedy approach to underwriting secured loans.

“Our track record clearly demonstrates our reach and service, and we have ambitions well beyond what we have achieved so far. 

“We can see a clear path for Brydg to transform the UK’s real estate market to be more efficient and save costs for all parties in a real estate transaction.” 

Nicolas Guilloteau, partner at Spice Capital, an institutional funder in Brydg, commented: "The marriage of team and tech at Brydg is quite unique for capital allocation at scale. 

“We're proud to have been working with Brydg for the last five years in supporting its growth and are excited for its future!"