Series C20 January 2020

Trussle secures £7.5m Series C investment led by Rabo Frontier Ventures to scale technology

Rabo Frontier Ventures led the Series C round, which brings Trussle's total funding to £26.7m.

£7.5MSeries C

Trussle is an online mortgage broker operating in the UK to help buyers find and manage home loans. The company uses digital tools to simplify the mortgage process and ensure customers remain on suitable deals.

Online mortgage broker Trussle has secured £7.5m in Series C funding to expand its technology and improve the home buying process. The investment was led by Dutch firm Rabo Frontier Ventures, with participation from returning backers Goldman Sachs Merchant Banking Division, Finch Capital and Propel Venture Partners.

The capital arrives as the business works to address inefficiencies in the property loan sector, where many borrowers remain on suboptimal deals. Trussle plans to channel the funds into upgrading its digital infrastructure to make mortgage applications faster and more transparent for consumers.

The latest injection brings the total external investment raised by the company to £26.7m since its inception. Trussle has experienced notable growth over the preceding year, nearly doubling its customer volume while expanding its senior leadership team.

From the founder

"Owning a home should bring stability and freedom. Unfortunately, the reality is that finding a mortgage often creates stress, inconvenience and unfair treatment"

Simon Williams

Chairman at Trussle

Investor perspective

"The slow-moving and complex mortgage market is one of the biggest pain points of owning a home. Trussle is leading the way in reshaping the way people interact with their mortgage by utilising technology to make mortgages smarter, faster and fairer. We’re looking forward to working closely with Trussle on the next phase of their journey to redesign the mortgage application process, as well as additional services to better support their customers through the home ownership journey."