London based fully digital mortgage solution has closed £3.7m in Series Seed funding led by Ubon Partners. The startup is initially targeting 'buy to let' mortgages and is working through the regulatory approval process with the FCA to provide fully digital mortgage process with nearly instant decisioning.
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MoloFinance scores £3.7M seed funding to offer a fully digital mortgage
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“We are not a broker, we don’t intend to disrupt the broker market. We are instead focusing on the overall lending process, from beginning to the end, with the goal to make the overall process quick, easy and more convenient and ultimately provide fully digital instant mortgages online. So in short we tried to solve the full problem that customers face today. As solving only one part of it in our view doesn’t solve the problem at all”.
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