Series A12 February 2019

Mojo Mortgages secures £7m Series A funding led by NVM Private Equity and Maven Capital Partners

NVM Private Equity and Maven Capital Partners backed the £7m Series A round to accelerate growth and platform development.

£7.0MSeries A

Mojo Mortgages is an online mortgage broker providing digital advice and application services to UK consumers. The firm combines algorithmic recommendations with broker support to streamline property financing.

Mojo Mortgages has secured £7m in Series A funding from NVM Private Equity and Maven Capital Partners, alongside other backers. The capital will support the online broker in accelerating growth and further developing its digital platform. This brings the company's total funding to nearly £8m following an earlier £800k seed round.

Launched a year ago, the Macclesfield-based firm uses algorithm-driven recommendations and a suite of APIs to reduce the time required to secure a mortgage decision. The founders intend to use the latest injection of capital to build upon its technology stack and expand its market reach.

From the founder

Richard Hayes
Co-founder at Mojo Mortgages

Investor perspective

"NVM is incredibly excited to be backing Nick and Rich during the next phase of Mojo’s growth. We are particularly excited by the substantial market opportunity and management’s enthusiasm to create a better mortgage journey for consumers. NVM looks forward to supporting the team as they drive the business forward."

Charlotte Clarke

NVM Private Equity