Goldman Sachs Leads £13.6m Funding for Trussle

Photo by The Wall Street Journal

Trussle has, an online mortgage broker in the United Kingdom, was able to secure financing amounting to £13.6m from a group of international investors that is led by Goldman Sachs, an investment bank, as part of the Series B funding round of the company.

The fintech firm was launched in 2016. The company uses its online platform to give consumers a more transparent and easier way to have access to a mortgage.

Aside from Goldman Sachs and Propel, a company that is based in San Francisco, the other investors of Trussle include Finch Capital, which led the Series A fundraising round of Trussle, and Seedcamp, which has also invested in other fintech companies such asTransferWise.

The chief executive officer and founder of Trussle, Ishaan Malhi, stated: “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.”

The CEO said that the funding would aid the company in building its brand and stimulate its development.

The managing director at Goldman Sachs, Philip Aldis, stated: “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.”

The platform of Trussle includes the first continuous mortgage monitoring service in the United Kingdom, which regularly monitors the market and notifies a customer when money could be saved by shifting to another deal.