We’re proud and excited to announce that we’ve just secured £7million in Series A funding.
That’s industry-speak for a big vote of confidence in Mojo.
The investment is one of the biggest Series A funding rounds outside of London in the last 12 months.
We launched Mojo about a year ago and we’ve come a really long way in that time – helping nearly 50,000 people and saving customers £4million* in broker fees.
It’s been a lot of hard work, but we’re delighted to be able to share the news that two investors - Maven Capital Partners and NVM Private Equity - have backed our vision of a better mortgage experience for everyone.
The UK mortgage market is the largest in Europe, but the sector hasn’t seen as much investment as other financial verticals. That’s meant there hasn’t been enough innovation.
We’re going to put that right.
We’re delighted that Maven and NVM have backed us. We’re going to keep innovating and building our amazing team to create better mortgage experience for everyone.
Charlotte Clarke from NVM Private Equity said: “NVM is incredibly excited to be backing Nick and Rich during the next phase of Mojo’s growth.”
Jeremy Thompson, Investment Manager at Maven said: “The Mojo team led by Nick and Richard is on a mission to change the way we buy mortgages in the UK, and they are driven by improving the mortgage experience for customers. Maven are hugely excited to be supporting the team to help them achieve this.”
The investment is great news for us but even better news for our customers. We’re building lots of exciting new features to improve the Mojo experience and we can’t wait to show them off.
*Based on average broker fees of £500