Online mortgage broker Trussle has raised a further £7.5m in funding, bringing total investment it secured to £26.7m.
Rabo Frontier Ventures (RFV), a €150m investment fund of Rabobank, participated in the funding round alongside existing investors, Goldman Sachs Growth, Finch Capital and San Francisco-based Propel Venture partners.
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Since its launch in December 2015, Trussle claims to have helped several homeowners get onto the property ladder and decrease their mortgage payments by switching to the right deal.
The new funding will allow Trussle to speed up its progress, especially via investment in technology, to make the mortgage process quicker, and easier.
RFV managing director Harrie Vollaard said: “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.”
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By GlobalDataTrussle launched an industry-first partnership with online property portal Zoopla in September 2016, in order to help customers in finding and buying a home in a single experience.
Trussle is backed by some of Europe’s technology investors including Orange Growth Capital, LocalGlobe, Betfair founder Ed Wray, Songkick founder Ian Hogarth, Seedcamp, and Zoopla Property Group.
