Online mortgage service Trussle gets £1.1m in funding

home buying

Trussle, an online matchmaking service for mortgage seekers, has closed a £1.1m funding round led by Robin Klein and Saul Klein’s new VC firm, Localglobe.

The London-based startup also drew support from Songkick co-founder and chairman Ian Hogarth, Betfair’s co-founder Ed Wray and ex-Google UK MD Dan Cobley.

“Trussle was designed to be frictionless, fast and transparent – in other words, everything the traditional mortgage market isn’t,”said Trussle CEO Ishaan Malhi. “Ultimately our goal is a simple one: to save you money and be the most trusted financial partner for managing the biggest financial decision of your life.”

The investment, the company said, will be used to expand its team, develop its product, operations and customer support.

“The mortgage industry has long been ready for root and branch technological transformation,” commented Localglobe’s cofounder Robin Klein.

“We are convinced that Ishaan, Jonathan and the team can bring about that long-overdue change and make the sector faster, simpler and more intuitive. London is producing a wave of great FinTech and property-tech companies, of which Trussle is not only the latest, but also among the most exciting. We are thrilled to be working with them,” added Klein.