Zoopla partners with Trussle for online mortgages

Players from the proptech and fintech spaces are coming closer together with a new partnership between property search portal Zoopla and online mortgage broker Trussle.

The tie-up between the two will see the launch of an end-to-end digital service designed to allow users to find a property and seek financing to buy on one platform.

Trussle CEO and founder Ishaan Malhi said, “Trussle’s partnership with Zoopla enables us to leverage our joint technological expertise to finally solve the frustrations of homebuyers across the UK; to make the process of buying a home quick, clear and straightforward.”

Zoopla raised more than £16m in funding from investors such as Octopus Ventures and Silicon Valley Bank before listing in 2014.

The firm is linked to the startup through VC LocalGlobal, which invested in Zoopla’s 2007 seed round and Trussle’s £1.1m round in February.

Zoopla’s CEO and founder Alex Chesterman said, “We’re pleased to have invested in and agreed a long term strategic partnership that we are now launching.

“Trussle are one of the most exciting new proptech businesses and through this partnership we hope to bring efficiencies to the property market for the benefit of buyers, sellers and agents.”

Copyright © 2016 FINTECH GLOBAL

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