Smartr365 Pioneers Mortgage Tech Revolution with £5M Funding
Deal News | Dec 19, 2024 | Business Cloud
Smartr365, known for its innovative approach to the mortgage industry, has successfully raised £5 million in a funding round led by Pembroke VCT with contributions from Calculus Group and Smart Currency. Founded by Conor Murphy, Smartr365 aims to address inefficiencies within the mortgage sector by automating the entire mortgage process and integrating key stakeholders such as brokers, estate agents, homebuyers, and lenders. Currently serving 25% of UK mortgage intermediaries, Smartr365 plans to use the investment to enhance its technology platform, expand its teams, complete client and third-party integrations, and boost its marketplace's usage. The company's prominent client base, including Legal & General and major UK lenders like Halifax and Barclays, underscores its strong market positioning. With a data-driven and user-friendly platform, Smartr365 is poised to transform the mortgage industry further.
Sectors
- PropTech
- FinTech
Geography
- United Kingdom – The article discusses Smartr365, a company operating in the UK mortgage sector, and mentions UK-based clients and lenders.
Industry
- PropTech – The article is about a company, Smartr365, that uses technology to innovate the property and real estate industries.
- FinTech – Smartr365 is a financial technology platform focused on the mortgage industry, aiming to improve the mortgage process through automation.
Financials
- £5 million – Funding amount raised by Smartr365 in the latest investment round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Smartr365 | Target company | Company | A PropTech and FinTech company founded by Conor Murphy, offering an automated platform for the mortgage industry. |
| Conor Murphy | CEO & Founder | Person | Founder of Smartr365, credited with identifying inefficiencies in the mortgage industry and creating a platform to address them. |
| Pembroke VCT | Lead Investor | Company | A venture capital trust leading the investment round in Smartr365. |
| Calculus Group | Co-Investor | Company | Participated in the investment round for Smartr365. |
| Smart Currency | Co-Investor | Company | Participated in the investment round for Smartr365. |
| Legal & General | Client | Company | Part of Smartr365's client base, a major player within the UK mortgage sector. |
| Sesame | Client | Company | Part of Smartr365's client base within the UK mortgage sector. |
| Openwork | Client | Company | Part of Smartr365's client base within the UK mortgage sector. |
| Just Mortgages | Client | Company | Part of Smartr365's client base within the UK mortgage sector. |
| Halifax | Large-scale lender | Company | Partnering lender with Smartr365, part of the UK's top banks. |
| Nationwide | Large-scale lender | Company | Partnering lender with Smartr365, part of the UK's top mortgage lenders. |
| NatWest | Large-scale lender | Company | Partnering lender with Smartr365, part of the UK's top banks. |
| Barclays | Large-scale lender | Company | Partnering lender with Smartr365, part of the UK's top banks. |