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MoloFinance, a London-based fintech that is developing a "fully digital" mortgage solution, has closed £3.7 million in seed funding.
Habito, founded by Daniel Hegarty, pitches itself as the U.K.'s "first digital mortgage broker" — though Trussle may disagree — and offers a "fully automated" brokering service to help you find the most suitable mortgage and make an application.
Soon enough, the pre-approval process launched through their new digital mortgage experience, "Rulo" will help to solve a problem that has plagued LendingTree since its inception: an exhaustive pursuit from loan officers.
On top of that, it doubled its customer base this year, launched in Canada — its first market outside the U.S. — opened its third office, expanded its overall headcount to 175 employees and debuted a digital mortgage product called Assets.
Calling itself a "digital mortgage broker," Habito was founded by Daniel Hegarty, who was previously an early employee at Wonga, to remove a lot of the friction when applying for a mortgage.
This has seen the MoloFinance team design a fully digital mortgage journey, where most decisions are automated, most of the information needed is sourced digitally, and where a transparent "robo-advisor" substitutes puts the interest of customers first.
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Furthermore, customers are more than ready and future generations will expect instant, digital mortgages.
We are instead focusing on the overall lending process, from beginning to the end, with the goal to make the overall process quick, easy and more convenient and ultimately provide fully digital instant mortgages online.
Fans were coated with dusty fibers, and tiny tumbleweeds rolled across tables where title searchers used computer monitors to peruse digital images of mortgages, deeds and other property records.
In the meantime, it sells digital indexes of deeds, mortgages and property tax liens to corporate subscribers, some of whom pay more than $170,000 a year.
Founded in 2016, Burrow (formerly called Dwell) was on a mission to "make mortgages delightfully digital".
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