Fintech mortgage broker Trussle secures £13.6m in Goldman Sachs-led funding

 
Oscar Lopez
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Goldman Sachs has thrown its support behind UK fintech company Trussle. (Source: Getty)

Online UK mortgage broker Trussle has has secured £13.6m in financing from a group of international investors led by investment bank Goldman Sachs as part of its Series B funding round.

The fintech company, which launched in 2016, uses its online platform to offer consumers an easier and more transparent way to access a mortgage.

As well as Goldman Sachs and San Francisco-based Propel, other investors in Trussle include Finch Capital, which led Trussle’s Series A fundraising round, and Seedcamp which has also invested in fintech companies like TransferWise.

Read more: Goldman Sachs throws weight behind digital mortgage broker Trussle

Ishaan Malhi, CEO and founder of Trussle, said: “Since launching two years ago, we’ve worked tirelessly to create a better mortgage experience for consumers.

“The backing from two prolific and globally renowned FinTech investors recognises the brilliant progress we’ve made, but also the scale of our ambition.”

Malhi said the funding would help the company build its brand and accelerate its development.

Read more: Fintech sector to swell to more than 100,000 employees by 2030

Philip Aldis, managing director at Goldman Sachs said: “Trussle is at the forefront of revolutionising the UK mortgage market, making it more efficient and convenient for consumers to find the right mortgage. We look forward to supporting the company’s ambitious growth plans.”

Trussle’s platform includes the UK’s first continuous mortgage monitoring service, which constantly monitors the market and alerts a customer when money could be saved by switching to another deal.

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