Mortgage intermediaries platform Acre raised £6.5M (~$8M) in investment.

 

Mortgage intermediaries platform Acre raised £6.5M (~$8M) in investment.  The funding round saw participation from The McPike Global Family Office (MGFO) and previous investors Aviva and Founders Factory.  Acre, used by brokers, bankers, and insurers, offers a platform to verify mortgage applicants' identities, submit information, and track the application's progress.  The company claims to have grown to 1300 users, representing around £10B (~$12.5B) in annual mortgage volume, witnessing a 10x YoY growth.  Proceeds from the round will be used to continue the platform's customer growth and roll out new partnerships with lenders and insurers.  Acre's current partners include Cornerstone Finance Group, Beneficial Network, and Intrinsic House.