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.”

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