LONDON — Goldman Sachs has led a £13.6 million funding round into UK startup Trussle, a company that helps people get mortgages online and tells them when to switch to better deals.
Goldman Sachs Principal Strategic Investments and Propel Venture Partners led the Series B investment into Trussle, which was announced on Wednesday.
Trussle, founded in 2015, is an online mortgage broker and also alerts customers to when better mortgage deals come on to the market. The company employs a team of 70 in London.
Philip Aldis, an MD at Goldman Sachs, said in a statement: “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 founder and CEO Ishaan Malhi said: “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 funding will enable us to invest significantly in building our brand and our product but fundamentally, will accelerate us towards our vision of digitising the end-to-end journey to make homeownership more affordable and accessible to all.”
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