Online mortgage broker Trussle has secured £7.5m in a funding round.
Rabo Frontier Ventures, the €150m investment fund from Rabobank, made its first investment into Trussle as part of the round. Other backers include Goldman Sachs Merchant Banking Division, Finch Capital and Propel Venture partners.
Capital from the round will be used to accelerate its growth as well as bolstering its technology to make the mortgage process quicker and more transparent.
Trussle is an online mortgage broker which helps consumers when they are looking to buy or remortgage. The app will give a consumer personalized advice and searches through 12,000 mortgage deals from 90 lenders to find the best match.
Rabo Frontier Ventures head Harrie Vollaard said, “The slow-moving and complex mortgage market is one of the biggest pain points of owning a home.
“Trussle is leading the way in reshaping the way people interact with their mortgage by utilising technology to make mortgages smarter, faster and fairer. We’re looking forward to working closely with Trussle on the next phase of their journey to redesign the mortgage application process, as well as additional services to better support their customers through the home ownership journey.”
Trussle raised a £13.6m Series B round in a funding round from Goldman Sachs and Propel Venture Partners.
Since 2016, the FinTech has raised a total of £26.7m in funding.
Copyright © 2020 FinTech Global
