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Trussle secures £13.6m in total after Goldman Sachs investment

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  • 09/05/2018
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Trussle secures £13.6m in total after Goldman Sachs investment
Banking giant Goldman Sachs has purchased a stake in the first online broker Trussle.

Trussle has secured £13.6m in financing from a host of investors besides Goldman Sachs, including Propel, Finch Capital and Seedcamp.

Last year Trussle announced it had received £4.5m from a handful of fintech investors, including LocalGlobe, Zoopla and Seedcamp as well as angel investor Ed Wray, co-founder of Betfair.

Trussle now employs 70 people and in January launched a mortgage monitor service which alerts borrowers when a cheaper deal becomes available.

Philip Aldis, managing director at Goldman Sachs, said that Trussle was “revolutionising” the mortgage market by making it more efficient and convenient for borrowers.

Ishaan Malhi (pictured), founder of the firm, said: “The backing from two prolific and globally renowned fintech investors recognises the brilliant progress we’ve made, but also the scale of our ambition. The funding will enable us to invest significantly in building our brand and our product but fundamentally, will accelerate us towards our vision of digitising the end-to-end journey to make home ownership more affordable and accessible to all.”

Goldman Sachs has invested in a host of fintech firms in recent years. Just last month it purchased personal finance app Clarity Money.

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