Congratulations, Trussle!
Today, Trussle announced its series B, led by Goldman Sachs Principal Strategic Investors and Propel Venture Partners. We couldn’t be more thrilled for Ishaan and the Trussle team as they take their next step on the journey of making homeownership more accessible and affordable.
Ishaan founded Trussle in 2015 with a burning desire to fix the antiquated process of getting a mortgage by digitising the end-to-end mortgage journey. He had had a slow and painfully frustrating experience trying — and failing — to get a mortgage, and knew first-hand how upsetting and stressful the experience of getting a mortgage could be. At the time Localglobe led Trussle’s seed round, investing alongside our friends at Seedcamp, EF and PiLabs, I had also just gone through a tortuous, time-consuming, paper-based process to secure a mortgage on our flat. It was clear to everyone on the Localglobe team that had to be a better way.
Trussle works directly with over 90 lenders to provide customers with the most suitable mortgages for them in a market of 11,000 products. With its simple, friendly, end-to-end UI, customers are informed and in-control every step of the way. In the back-end, Trussle’s mortgage monitoring platform is constantly scouring the market on behalf of its customers. This ensures that when it’s time to re-mortgage (whether you initially got your mortgage via Trussle or not), the company will ping you to let you when a better deal is available, taking into account your specific circumstances, and help you switch easily if you want. Research from Trussle revealed UK homeowners are losing a staggering £10BN per year by not re-mortgaging to better deals — we’re excited that Trussle provides a direct, online solution to this problem.
We’ve also loved having the team working out of the Localglobe offices in their very early days, which also reunited me with the terrific early joiners Zoe, head of Product, and Pete, senior developer, with whom I’d worked before at a previous company. We were both sad and happy sad to see them go when they quickly outgrew the space, and Finch capital, who lead the A round, joined them on the journey,.
Today, Trussle has the category’s leading Trustpilot scores (9.6/10) and has helped secure millions of pounds of mortgage lending for their customers, who love the service’s speed and responsiveness.
The snippet below is literally from their latest Trustpilot review page, unsorted.
This fundraise is a testament to the customer-centric brand they’ve built and to the scale of their ambition. We can’t wait to see what they do next!
