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Online mortgage broker Mojo raises £7m

Online mortgage broker Mojo raises £7m

UK online mortgage broker Mojo Mortgages has raised £7 million in a Series A funding round joined by NVM Private Equity and Maven Capital Partners.

Launched a year ago by industry veterans, Mojo Mortgages claims to have already helped nearly 50,000 people save £4 million in broker fees through its online platform, giving algorithm-powered recommendations.

The firm offers access to deals from more than 90 lenders, providing users with free advice on the best options before handling the application process on their behalf.

With the new funding in place, Mojo says it continue to build upon its suite of APIs to improve the online mortgage journey and automated decisioning to create a true end-to-end experience.

Nick Sherratt, co-founder, Mojo, says: "Through innovation and continuing to build and develop our amazing team, we will achieve our vision of a better mortgage experience for everyone."

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