8 years ago
MortgageGym Secures £500,000 Seed Funding from Former Deutsche Bank COO
MortgageGym, a UK-based fintech startup offering a regulated mortgage robo-adviser, has secured an additional £500,000 in seed funding from Henry Ritchotte, former COO of Deutsche Bank
This investment follows a previous seed round of £2 million closed in May 2017
Ritchotte, who has over 24 years of experience in investment banking and financial services, will also serve as an advisor to MortgageGym
The company aims to revolutionize the mortgage market by providing a digital, whole-of-market, free and accurate application process.
ProblemFinancial Services
"Getting a mortgage in the UK is a complex and time-consuming process, often involving multiple lenders and intermediaries. This can be frustrating and confusing for borrowers, especially those who are new to the market or have a complex financial situation."
Solution
"MortgageGym is a digital mortgage marketplace that simplifies the mortgage application process for UK consumers. It provides a free and accurate whole-of-market comparison of mortgages from multiple lenders, helping borrowers find the best deal for their needs. The platform is designed to be user-friendly and accessible, with a focus on transparency and clarity."
