Sydney based mortgage loan comparison startup Uno Home Loans has raised a $25m funding round from Westpac.
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Uno Home Loans raises $25 million from Westpac and launches search for new CEO
Launched into the market in May 2016, the platform helps Australian homeowners and aspiring homeowners find and broker the right mortgage themselves. It allows users to search, compare, and settle a home loan from a panel of 22 lenders through the one platform.Bringing Westpac’s total investment in the startup to $51.5 million, with $16.5 million coming in mid-2016 and a further $5 million last October, the funding will go furthering the startup’s product development and scaling the business as it pushes to achieve its goal of serving 10 percent of Australia’s mortgage customers by 2028.
