Goldman Sachs and BBVA-backed Propel lead £13.6m financing in mortgage startup Trussle
Venture capital funds from Goldman Sachs and BBVA have led a £13.6 million Series B financing round in UK digital mortgage broker Trussle.
Trussle is one a new breed of fintech startups that uses proprietary automation and a mortgage monitoring service to compare and track thousands of mortgage products from more than 90 lenders.
Launched in 2015, Trussle secured a £4.5 million investment in February last year as it reached the milestone of managing £1 billion worth of mortgages on behalf of homeowners across the UK.
Along with Goldman Sachs and San Francisco-based Propel, investors in the current round include Finch Capital, which led Trussle’s Series A fundraising round, and Seedcamp which has backed the company since it was founded.
Ishaan Malhi, CEO and founder of Trussle, says: “The backing from two prolific and globally renowned fintech investors recognises the brilliant progress we’ve made, but also the scale of our ambition. The funding will enable us to invest significantly in building our brand and our product but fundamentally, will accelerate us towards our vision of digitising the end-to-end journey to make home ownership more affordable and accessible to all.”