Acre, a mortgage intermediaries platform, has secured £6.5m in funding to grow its tech platform and change the home buying process.
Investors included Aviva and Founders Factory as well as new investor the McPike Global Family Office.
Following this investment, Acre claims it will seek to continue its rapid customer growth and pursue its vision of changing the way people buy homes.
Acre plans to roll out new partnerships with lenders and insurers that help its brokers recommend and apply for the right financial products and services as efficiently as possible. Acre believes that in order to deliver on this vision, client data and identity need to be entered and verified once, and shared across the whole home buying process.
The firm’s ongoing evolution comes at a time when lending is increasingly complex due to the difficult economic climate, and brokers’ increased responsibility for outcomes for their customers.
Acre CEO and founder Justus Brown said, “We pride ourselves on being at the forefront of innovation in financial advice, delivering a new, modern approach that simplifies the advice journey for brokers and delivers on the needs of clients. This latest fundraise demonstrates our strength and commitment to the market and supercharges our ambitions as the tech platform of choice for brokers.
“For many homebuyers, the financial turmoil of last year led to a greater appreciation of mortgage brokers and this trend is continuing into 2023. We give brokers the right tools, data and insight at the click of a button, so that they can excel at delivering speedy, efficient advice that meets the individual requirements of each case in a dynamic market.”
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