The blockchain powered mortgage platform aims to simplify the home-buying process
Acre has secured £6.5m in funding to grow its blockchain-powered mortgage platform and simplify home buying.
With the investment, Acre aims to roll out new partnerships with lenders and insurers that helps its brokers recommend and the right financial products to people on the property market.
New investor McPike Global Family Office (MGFO) joined returning investors Aviva and Founders Factory in the funding round.
The fresh investment follows a £5m funding round in 2019, which was led by Aviva and Sesame Bankhall Group.
Acre’s new funding follows a successful 2022 for the fintech, which saw the fintech quadruple its user base to more than 1,300, representing £10b in annual mortgage volume.
The UK-based fintech also signed its first protection-only firm, Intrinsic House, added several networks to its ecosystem, and integrated with five lenders, including Santander.
Justus Brown, chief executive officer and founder of Acre, said: “We pride ourselves on being at the forefront of innovation in financial advice, delivering a new, modern approach that simplifies the advice journey for brokers and delivers on the needs of clients.
“This latest fundraise demonstrates our strength and commitment to the market and supercharges our ambitions as the tech platform of choice for brokers.
“We give brokers the right tools, data and insight at the click of a button, so that they can excel at delivering speedy, efficient advice that meets the individual requirements of each case in a dynamic market.”
Ant Barker, head of venture investments and partnerships at Aviva, commented: “Aviva Ventures are delighted to continue to support Justus and his team on Acre’s journey to deliver much needed tech innovation that benefits homebuyers, brokers and lenders.”