Trussle, which claims to be the UK’s first online mortgage broker, currently manages £1bn worth of mortgages.
Trussle has received £4.5m of funding from fintech investors led by Orange Growth Capital.
The money will be used for product development and to build the brand.
Trussle, which claims to be the UK’s first online mortgage broker, currently manages £1bn worth of mortgages.
Ishaan Malhi (pictured), chief executive, said: “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% of the home-owning population, and now manage £1bn worth of mortgages on behalf of UK homeowners.
“All together it’s validation that we’ve uncovered a real consumer problem, and the technological innovation we’re starting to see from new entrants, as well as traditional brokers, suggests our innovative approach is having a real snowball effect.”
Orange Growth Capital has also backed peer-to-peer lending platform Zopa and online insurance broker Knip, while its founder Radboud Vlaar will join the Trussle board.
Vlaar said: “We’re very excited about our investment in Trussle, which is leading the transformation of how people think and interact with their mortgage.
“As a team, not only do they have great consumer financial experience, but like us, they’ve experienced the antiquated process of getting a mortgage first hand.
“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.”
Trussle's existing investors are LocalGlobe, Zoopla and Seedcamp.
