£7.5m funding for Trussle
Trussle has secured £7.5m fresh funding.
Rabo Frontier Ventures, the strategic investment fund of Rabobank, has invested in the online mortgage broker based in London.
RFV participated in the funding round alongside existing investors, Goldman Sachs Growth, Finch Capital and San Francisco-based Propel Venture partners.
Trussle Chairman Simon Williams commented: “Owning a home should mean stability and freedom. Unfortunately, the reality is that finding a mortgage often creates stress, inconvenience and unfair treatment.
“Since Trussle launched in December 2015, we’ve helped thousands of homeowners get onto the property ladder and reduce their mortgage payments by switching to the right deal.
“But there’s ample work to be done in revolutionising the archaic industry.”
“Our business is at a pivotal stage in its journey and this new funding will enable us to accelerate our progress, especially through investment in our technology, to make the mortgage process quicker, easier and more transparent.
“The funding from our investors not only exemplifies the progress we’ve made so far, but also the scale of the opportunity that lies ahead.”
The online mortgage broker has grown rapidly over the last year, amplifying its mission to make mortgages fairer and almost doubling the volume of customers.
Harrie Vollaard Managing Director of RFV, commented: “Getting a mortgage is a complex process and is one of the biggest pain points of the financial industry. 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.”