Mortgage platform Acre raises £6.5m in latest investment round

The all-in-one mortgage platform, which launched fully in 2021, first raised £5 million from Aviva Ventures and Sesame Bankhall Group in 2019.

The investment comes from the McPike Global Family Office, with the MGFO's private investments manager Drew Colaiezzi calling Acre 'an all-encompassing innovative platform that is ripe to take advantage of the quickly evolving UK mortgage marke'.

Since then it has launched to the intermediary market with CRM, sourcing, compliance and MI features, and now has over 1,300 users.

The firm plans to use the investment to grow the platform, including forming new partnerships with lenders and insurers.

Justus Brown, CEO 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.

“For many homebuyers, the financial turmoil of last year led to a greater appreciation of mortgage brokers and this trend is continuing into 2023. 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."