Acre Software secures £5m from Sesame Bankhall Group and Aviva to grow its mortgage technology platform.
Sesame Bankhall Group and Aviva have backed the technology start-up to scale its team and expand its market reach.
Acre Software builds a next-generation platform for mortgage, protection and general insurance advice. The firm applies blockchain technology to streamline workflows for advisers and their clients.
Sesame Bankhall Group and Aviva have invested £5m in technology start-up Acre Software. The fresh capital will support team expansion as the company develops its digital mortgage and insurance platform.
The investment accompanies an exclusive arrangement between Sesame Bankhall Group and Acre to modernise how brokers process business and serve clients. Acre utilises blockchain to unify the mortgage advice process into a single secure record.
The business originated within Founders Factory, an incubator backed by Aviva Ventures, which facilitated the new funding alongside Sesame Bankhall Group.
From the founder
"Buying a house is one of the biggest financial transactions a person can make, yet the process is slow, opaque and fragmented, which is increasingly out of step with consumer expectations. We’re changing this – levelling the playing field for brokers using innovative tech, while putting an informed consumer at the centre of the mortgage process. We are thrilled to have SBG’s distribution muscle and industry expertise, along with Aviva and SBG’s financial support at our disposal on this journey."
Justus Brown
CEO at Acre Software
Investor perspective
"Acre is a fantastic example of the kind of fintech business we want to help nurture. They have identified a market which could be improved through technology and they’ve gone for it by securing a very large distribution partner, which is often the missing ingredient for success. I’ve really enjoyed watching the company develop, and the investment we’re announcing today will allow them to build their team further and realise their full potential."
Ben Luckett
Chief Innovation Officer, Aviva Ventures
Use of funds
- 01Grow the team
Investors
Categories
About the company
Acre Software
Acre Software provides a blockchain-powered platform for mortgage and insurance advisers.