You are here: Home - News -

Mortgage adviser Capricorn Financial confirms £1m VC investor in Smartr365 fintech platform

  • 03/11/2017
  • 0
Mortgage adviser Capricorn Financial confirms £1m VC investor in Smartr365 fintech platform
Mayfair-based venture capital group Fig has invested £1m in fintech company Smartr365, an end-to-end mortgage application and client relationship software solution and sister firm to London-based mortgage broker Capricorn Financial.


Smartr365 has confirmed the cash will be reinvested in software development, which aims to go-live with plug-in technology, linked to an Application Programming Interface (API), with several of the big six lenders by the end of Q1 next year.

Fund manager Fig invests in high-growth digital companies in the early development stages and its portfolio of investments includes data verification software Mogo, EyeQuant a website optimisation tool and Scratch, an online meal service in association with Michael Roux.

The Smartr365 technology platform allows direct submission of applications to lenders, auto case updates and tracking, alongside other consumer-facing tools and technologies, automating the mortgage journey from start to finish.


Up in the clouds

The solution is cloud-based so requires no servers for end users and partners Microsoft Office 365 and the Twenty7Tec sourcing technology.

Broker users will be able to receive a decision in principle and full mortgage offer after one keyed submission due to partnerships with Mogo and property valuation firm Hometrack alongside credit scoring.

James King, business development director at Fig, said: “Conor understands the problems that Smartr365 can solve as the founder of Capricorn and has built a great team, united in their vision.”

The firm has made several investments in financial services and technologies and said it follows developments in the market and industry closely.

King added: “Smartr365 presents a market leading solution that combines the best technology available in one, easy-to-use platform. The proven track record as Capricorn’s in-house platform makes Smartr365 so attractive to brokers and to ourselves as an investment opportunity.”

Smartr365 CEO Conor Murphy (pictured) said: “We are different to every other company in the mortgage-tech space right now. Everybody else is either looking to build a new brokerage from scratch, or use technology to create a new network to run themselves.”

He said Smartr365 was a bid to create the best technology platform available in an unrestricted model to UK mortgage brokers, but is targeting networks primarily as a route to market.

Murphy added: “We see technology as an enabler and we have genuine belief in the existing broker community and their ability to deliver great advice. Our aim is simply to make today’s brokers even more efficient and successful.”

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
  • RT @robjupp: Great day yesterday for donations to @MortSleepOut. With Gift Aid, we are now close to £17,000. It would be great to get to £2…

Read previous post:
Siblings guilty of mortgage fraud in crime syndicate convictions

Members of one of London’s most notorious crime families have been sentenced to more than 30 years in jail for...