The platform welcomed the first lenders to its digital remortgage platform in 2022 and achieved £100m worth of remortgage transactions in January.
The firm said it reached its £200m milestone four times faster than £100m, which it said shows the rate at which it is growing.
“The increase in transactions also shows the level of appetite for technology innovation in the sector, as the current state of back-end infrastructure continues to cause frustration among stakeholders,” Pexa said.
The company said it has started the process of onboarding NatWest, the first top 10 lender to start implementing Pexa’s remortgage offering, and it expected the commencement of transacting in early 2026.
Pexa will be launching its sale and purchase capability to its existing remortgage platform later this year.
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Joe Pepper, UK CEO of Pexa, said: “In January this year, we hit our £100m milestone. To have surpassed £200m in a quarter of the time is a real testament to the hard work of the team, who are passionate about delivering a more secure, certain and transparent transaction process.
“The level of growth we’re driving is critical for the UK market as much as it is for us – we’re determined to provide a better process for conveyancers and lenders alike, working with them to bring tech to market that helps rather than hinders them.”
He added: “Our agreement with NatWest was a critical juncture in our journey, and this is just the beginning. The success of the remortgage solution stands us in good stead as we broaden our offering to include sale and purchase, with our regional roadshows kicking off this week, launching the full Pexa platform to the UK, especially as there is increasing focus from the government on the market to address the issues and get itself moving to aid economic growth.”
