Trussle bags £13.6m funding deal

Technology-Microchip-Tech-Computer-700x450.jpgOnline mortgage broker Trussle has secured  a further £13.6m in financing from two external investors to help fund its “ambitious growth plans”.

This funding has come from Goldman Sachs Principal Strategic Investments and San Francisco-based Propel Venture partners.

Trussle was founded in 2016. The firm aims to be disrupt what it describes as the “antiquated mortgage market”, using technology to streamline and speed-up the advice process.  

The firm has grown rapidly since its first round of fundraising in February 2017. Since then its team has expanded from 14 to 70. Last year Trussle launched its first continuous mortgage monitoring service, which aims to alert customers when money could be saved by switching to another deal.

This is the second (Series B) funding round for Trussle. Alongside these backers, it has also secured funding from Finch Capital (Zopa), and Seedcamp  – which has backed the company since it was founded.

Trussle founder Ishaan Malhi says: “The backing from two prolific fintech investors recognises not only the progress we’ve made, but also the scale of our ambition. This funding will enable us to invest significantly in building our brand and our product.”

Goldman Sachs managing director Philip Aldis adds:  “We look forward to supporting the company’s ambitious growth plans.”



Trussle launches free mortgage monitor service

Online mortgage broker Trussle has launched a free mortgage monitoring service that will alert borrowers when a better deal come onto the market. Trussle says the function will help tackle switching inertia. All UK homeowners can access the service, which continually monitors more than 11,000 of the latest mortgage deals from more than 90 lenders. […]

Trussle bags £4.5m funding from fintech investors

Online mortgage broker Trussle has had £4.5m backing from European fintech investors. The money will be used to improve Trussle’s offering and expand the business. The £4.5m funding has been led by Orange Growth Capital, a European and Asian venture capitalist. The other funders are existing investors LocalGlobe, Zoopla, and Seedcamp. Trussle entered online broking […]


What exactly is a missold mortgage?

There are many breaches that constitute a missold mortgage but the fundamental question is whether people were treated fairly by their adviser or lender. I am looking at complaints that a recommendation was inappropriate for debt consolidation, capital raising, extending the term, affordability, arrears and right-to-buy mortgages. There are many breaches that constitute a missold […]

Default image

Health Shield announces strong results

Health Shield, a corporate health cash plan provider, has announced that it has increased gross annual premium income to more than £25m in another year of strong organic growth.


News and expert analysis straight to your inbox

Sign up