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Trussle bags £4.5m funding from fintech investors

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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 in 2015. The firm says it wants to  “disrupt the antiquated mortgage market”.

Trussle chief executive Ishaan Malhi (pictured) says: “Since launching Trussle back in 2015, we’ve been overwhelmed by the scale of the movement we started.

“We’re helping thousands more customers every month, have signed several high-profile partnerships that allow us to reach over 90 per cent of the home-owning population, and now manage £1bn worth of mortgages on behalf of UK homeowners.”

The firm plans to campaign this year on the issue of the mortgage market preventing borrowers from remortgaging when it best suits them.

 Orange Growth Capital founder Radboud Vlaar says: “This investment reaffirms the innovation taking place in the UK’s fintech market. We look forward to working with Ishaan and his team in taking the business to the next level.”

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