Online real estate portal Zoopla has invested in UK-based online mortgage broker Trussle as part of a £4.5m ($5.7m) funding round, The Times has reported.
The round, first reported by The Times and confirmed by Trussle in a subsequent press release, was led by investment firm Orange Growth Capital and also featured venture capital firm LocalGlobe, Seedcamp and angel investors including Ed Wray and Ian Hogarth.
Trussle runs an online marketplace that sifts through more than 11,000 deals offered by about 90 lenders in order to find the one most suitable for each user. The platform will continue to monitor each mortgage so users can switch later on if a better deal is available.
Ishaan Malhi, Trussle’s founder and CEO, said: “So far we have helped thousands of homeowners reduce their mortgage payments by switching to the right deal.
“With the help of this further funding round, we will be able to help thousands more dust off their mortgage statements, get online and discover what they could be saving.”
The company had previously raised £1.1m in a seed round led by Localglobe in February 2016 that included angel investors Ian Hogarth, Ed Wray and Dan Cobley.
– This article was amended on February 1, 2017 to reflect Trussle’s official announcement.