London-based Trussle, an online mortgage broker, announced it has received a €5.27 million in a funding round led by Orange Growth Capital. The company will use the investment to further develop its product.
Trussle uses proprietary automation and a mortgage monitoring service to compare and track thousands of mortgage products from more than 90 lenders, utilizing technology to secure the best mortgage deal for borrowers in a fraction of the time that it takes traditional brokers.
In September, Trussle launched a partnership with the property portal Zoopla to allow buyers who search for homes online, to find and finance their home at the same time. The company reports that the partnership is driving an average of €5.8 million worth of mortgage enquiries via Zoopla's website each day.
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