Wall Street banking behemoth Goldman Sachs will buy a stake in UK online mortgage broker Trussle.
Goldman’s Principal Strategic Investments (PSI) division is taking part in a £14m fundraising by Trussle – a company which was only founded three years ago.
A spokesperson for Goldman Sachs confirmed the news to City A.M. last night. Sky News first reported the move.
Trussle is expected to make an announcement providing more detail on the proposed deal today.
Trussle will receive backing from Propel as well, Sky News also reported.
Trussle was founded by Ishaan Malhi, a City analyst who made his own company after he grew sick of how tedious his own mortgage application was.
Speaking to Sky News, Malhi said: “Every year, millions of current and aspiring home owners are subject to the same unnecessary costs, delays, and frustration that I experienced first-hand when trying to get a mortgage.”