Smartr365, a London, UK-based mortgage technology platform, secured £3m.
Legal & General made the investment. In conjunction with the funding, Legal and General’s MD of FinTech, Nick Frankland, will join Smartr365’s board as a non-executive director.
The company intends to use the funds to continue to develop its offering.
Founded in 2016 and led by Conor Murphy, Chief Executive Officer, Smartr365 provides a cloud-first business application built for mortgage advisors, introducers and solicitors. It has a number of services on offer, including an online fact find, CRM and efficient customer verification processes.
In addition to an end to end mortgage broking platform, Smartr365 will be making individual components available to other mortgage businesses and CRM providers, including LendrConnect, a mortgage application programming interface (API) service allowing all brokers to submit mortgages, direct to lenders, with no re-keying of data.