Acre, a London, UK-based provider of a platform for mortgage intermediaries, raised £6.5M in late seed funding. The McPike Global Family Office (MGFO) joined returning investors Aviva and Founders Factory.
The company intends to use the funds to continue its customer growth and to roll out new partnerships with lenders and insurers that help its brokers recommend and apply for the right financial products and services as efficiently as possible.
In 2022, Acre grew to over 1300 users, representing over £10bn in annual mortgage volume, a 10x growth over the year.
This new round follows Acre’s earlier £5M fundraise in 2019, which was led by Aviva and Sesame Bankhall Group (SBG), and followed its spin out from Founders Factory’s venture studio.
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