Online mortgage broker Trussle has announced the appointment of two senior hires to the executive board. Veteran banker Simon Williams and product technology executive Supriya Uchill have joined the company as it enters a major expansion phase.
Launched in December 2015, Trussle was founded by Ishaan Malhi – a former city analyst who launched the company after struggling to navigate his own mortgage application. Last year Trussle secured £13.6m of investment led by Goldman Sachs PSI – and has since revealed 3x year-on-year revenue growth with plans to develop new products to make mortgages fairer for consumers.
Over the last 10 years, Simon Williams has been involved with successful Fintech businesses across Silicon Valley and London’s Silicon Roundabout, including LendingClub and Crowdcube. Since Williams’ involvement, Crowdcube has seen huge commercial success and enabled a record £20m crowdfunding round for mobile-only bank, Monzo, in November of last year.
Simon Williams said, “Having worked in the financial world for many years, I’m motivated by disruptive Fintech businesses that are transforming the financial industry for consumers across the board.
“Trussle’s aspiration to enable better mortgage decisions for consumers is something that sits close to my heart. The industry is outdated, confusing and expensive. In the 21st century, consumers deserve better – a more convenient, clearer and hassle-free service. Trussle’s fresh technology-led approach is shaking up the mortgage process to make it transparent and accessible to everyone.”
Product technology leader, Supriya Uchil is the first appointee to Trussle’s advisory board, which will see more executives with profound operational experience join as the company scales.
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Supriya Uchil said, “A mortgage is usually the largest financial decision someone makes in their lifetime, yet the process is opaque and overly complex. The mortgage industry is so ripe for disruption. At Trussle, we have a responsibility to ease customer anxiety and provide a streamlined mortgage journey.”
Ishaan Malhi, CEO and founder of Trussle, added, “I’m excited about the impact Simon and Supriya will have as we enter our next phase of growth. In the last 3 years, we’ve established ourselves as the best known and most loved online mortgage broker but we’re ready to build on this and redesign the mortgage journey with the customer at its heart.
“We’re in a position to make a difference to one of the biggest financial and emotional commitments people undertake and we’re already helping them to tackle the challenges head-on.”