This week Aviva Ventures and UK financial adviser Sesame Bankhall Group (SBG)
backed London-based blockchain company Acre Software in a £5 million ($6.5m) funding round. The startup came out of the Founders Factory accelerator and aims to streamline the UK
mortgage, insurance and conveyancing process.
In the UK 74% of residential mortgages are made through intermediaries or brokers. While the hand-holding may be helpful for such a stressful transaction, working with brokers involves friction. For example, know your customer processes are often completed by brokers, lenders, insurers and lawyers independently.
The Acre system isn’t intended to remove the intermediary. Instead, it’s designed to make the process more collaborative and less repetitive.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
