Silicon Canals
TRENDING
  • Mobility
  • AI
  • FinTech
  • Software & SaaS
No Result
View All Result
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdampartner
  • Events
  • Jobs
  • Partner with us
  • About us
    • About
    • Contact
    • Newsletter
    • Team
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdampartner
  • Events
  • Jobs
  • Partner with us
  • About us
    • About
    • Contact
    • Newsletter
    • Team
No Result
View All Result
Silicon Canals
No Result
View All Result

This UK startup aims to make homeownership easier by digitalising the mortgage experience; raises €292.6M

Editorial team by Editorial team
October 9, 2020
in (Crowd)funding, FinTech, News, Startups
0
This UK startup aims to make homeownership easier by digitalising the mortgage experience; raises €292.6M
29
SHARES
LinkedInTwitterWhatsAppFacebook

The word “mortgage” can be a scary word; usually being associated with other scary words such as debt, and expenses. There’s another alarming word that comes to mind when we talk about a mortgage, and that’s frustration. The frustration you experience when you try to apply for a mortgage, and then there’s the long turnaround time. All this makes the experience of procuring a mortgage quite harrowing. However, UK-based Molo aims to change this. 

It aims to make this process fast and transparent, and it has raised £266M (approx €292.6M). 

 - Partner content -
Industry & Infrastructure post-COVID
Industry & Infrastructure post-COVID
Check out solutions to the most pressing problems in the Industry & Infrastructure...Show More
Check out solutions to the most pressing problems in the Industry & Infrastructure theme. Show Less
Read more

Molo Raises €292.6M

Molo claims to be UK’s first, fully-digital mortgage lender. It has raised a further debt and equity funding of £266M (approx €292.6M) in its Series A round. The capital raise comes after the first tranche of £10M (approx €11M) for the Series A round that closed in January 2020.

The investment was led by global financial services firm Macquarie Group (Macquarie) and Patron Capital, a pan-European institutional investor focused on property-backed investments. The equity round was led by Yabeo, an international VC firm, and supported by existing shareholders Andenes Investments, GPS Ventures, among others. SpecFin Capital advised Molo.

The raised capital will be used to accelerate the company’s growth through additional online lending and investment in its proprietary technology and new product propositions, with an aim to achieve Molo’s vision of making homeownership easier for everyone.

About Molo

London-based Molo was founded in 2017 by Francesca Carlesi and Leo Grunstein. It was launched in the UK at the end of 2018 as the first fully digital (the first player to offer mortgages underwritten fully online), direct to consumer, mortgage lender. It leverages a proprietary tech platform to deliver simpler and faster online, paperless, buy-to-let mortgages.

Molo uses a unique combination of automated decisioning and human expertise, that integrates with its partners’ systems including Experian (a consumer credit reporting company) and Rightmove (an online real estate portal) to deliver faster and more transparent mortgage loans directly to its customers.

Its vision is to make homeownership easier for everyone and this includes plans to offer residential mortgages in the future, in addition, to buy to let.

According to the company, it has experienced significantly higher volumes of online mortgage applications post COVID-19, which point to the growing popularity of digital lending and the convenience of its digital model. Molo claims that in August and September alone, its pipeline of buy to let mortgage applications exceeded £500M (approx €550M).

Image credits: Molo

close

Want to stay on top of the latest rounds, coolest tech and hottest startups?

Subscribe to our free, daily news blast and stay up-to-date!

Check your inbox or spam folder to confirm your subscription.

 - Partner content -
Future Hamburg Award 2021
Future Hamburg Award 2021
Call for startups with innovative solutions for the future cities from all over the globe.
Call for startups with innovative solutions for the future cities from all over the globe. Show Less
Read more
Tags: fundingnews
Share2Tweet7SendShare12

Featured events

Current Month

april

14apr11:0012:00FeaturedFree Webinar: GRECA – investor search via digital matching

Partner content | Work with us

Amsterdam-based SaaS startup SwipeGuide raises €5M for international expansion; aims to double its staff in 2021

Innovation against climate change: what Blue Tulip Awards’ experts on Climate & Energy are looking for

Blue Tulip Awards’ experts of Finance & Prosperity: why COVID, regulations and digitisation boost innovation

Former Booking.com CEO Kees Koolen backs €5.2M funding round of Amsterdam’s cleantech startup Sympower

Emission-free farming and AI for equal job opportunities are the Blue Tulip Awards winners of Generation 2

Silicon Canals Jobs


Breaking news from Amsterdam | Partner

Amsterdam-based MessageBird acquires 24sessions to add video to its omnichannel offering; also acquires Hull

Techstars ties up with ABN AMRO to launch ‘Future of Finance Accelerator’; welcomes 10 startups to Amsterdam

Amsterdam-based fintech Recharge.com raises €10M in debt funding; appoints Azimo’s Michael Kent as new chairman

Shaken by the pandemic, but not stirred: The current state of co-working in Amsterdam

  • About Silicon Canals
  • Partner with Silicon Canals
  • Contact us
  • Newsletter
  • Disclaimer
  • Privacy policy
  • Terms & Conditions Silicon Canals

Silicon Canals 2014-2020 | Website: Bright Idiots

No Result
View All Result
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdam
  • Events
  • Jobs
  • Partner with us
  • About us
    • About
    • Contact
    • Newsletter
    • Team

Silicon Canals 2014-2020 | Website: Bright Idiots

X

This website uses cookies to ensure the best possible experience. We may share this information with our advertising and analytics partners. By clicking 'Accept', you agree to our use of cookies and similar technologies. More info