Smartr365 rakes in £1m in funding from Fig

fintech insurtech wealthtech regtech ai cybertech esg news
fintech insurtech wealthtech regtech ai cybertech esg news

Personal finance solution provider Smartr365 has raked in £1m in a funding round from Fig VC.

Smartr365 offers financial advisors with a clearer platform to help offer clients informed decisions. The solution gives an advisor the ability to access all a client’s financial data, including mortgages, insurance, pensions and investments. Tools available on the platform allow for users to identify the best mortgage and equity options or receive robo-advice on insurance and mortgage.

The technology platform also offers direct submission of applications to lenders, auto case-updates, and offer progressions, to help automate the mortgage process.

This line of funding will be used to support the development of its mortgage support capabilities.

Smartr365 Conor Murphy CEO said: “We are different to every other company in the ‘mortgage-tech’ space right now. Everybody else is either looking to build a new brokerage from scratch, or use technology to create a new network to run themselves.

“The Smartr365 model is entirely different. We are not building something just for ourselves and nor do we want to tie brokers in to a restricted business model; we simply want to develop the best technology platform possible and make it available to every broker in the UK, with complete freedom to use Smartr365 to fit their own processes – and run their businesses – however they see fit.”

Fig has made several other FinTech investments over recent years including customer financial information verification solution MOGO and foreign exchange price comparison platform The Money Cloud.

Copyright © 2017 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.