Latest news with #OneDome
Yahoo
5 days ago
- Business
- Yahoo
OneDome snaps up former Goldman-backed mortgage broker Trussle
A British property and fintech business which aims to improve the homebuying process has swooped to buy Trussle, a digital mortgage broker once backed by Goldman Sachs, the Wall Street giant. Sky News understands that OneDome, which integrates mortgage, legal, and insurance services into a single online process, has agreed a deal to buy Trussle from US-listed Better Home & Finance Trading Company. The terms of the deal were unclear on Thursday, with the transaction subject to approval from the City regulator. Money blog: Millions of Nationwide customers to receive £100 Trussle, which trades as was founded in 2015 and raised close to £30m in a series of funding rounds. Its sale in 2021 reportedly valued the business at a significant discount to that sum. In a statement issued to Sky News, Babek Ismayil, founder and chief executive of OneDome, said: "Trussle has built an excellent team and a reputation for innovation and customer focus. "We share a clear vision: that buying a home should be simpler, faster, and less stressful. "Trussle's Smartbuyer proposition closely mirrors our own award-winning HomeBuyer Service, and combining our strengths is a natural next step to transforming this historically outdated sector." Sources said the transaction would edge OneDome - chaired by the veteran former City lawyer Sir Nigel Knowles - closer to a five-year goal of being involved in 10% of all UK homebuying transactions. The combined group, they added, would facilitate over £3.5bn in annual mortgage lending and process roughly 1,100 property transactions each month. It will have a workforce of about 230 people.
Sky News
5 days ago
- Business
- Sky News
OneDome snaps up former Goldman-backed mortgage broker Trussle
A British property and fintech business which aims to improve the homebuying process has swooped to buy Trussle, a digital mortgage broker once-backed by Goldman Sachs, the Wall Street giant. Sky News understands that OneDome, which integrates mortgage, legal, and insurance services into a single online process, has agreed a deal to buy Trussle from US-listed Better Home & Finance Trading Company. The terms of the deal were unclear on Thursday, with the transaction subject to approval from the City regulator. Trussle, which trades as was founded in 2015 and raised close to £30m in a series of funding rounds. Its sale in 2021 reportedly valued the business at a significant discount to that sum. In a statement issued to Sky News, Babek Ismayil, founder and chief executive of OneDome, said: "Trussle has built an excellent team and a reputation for innovation and customer focus. "We share a clear vision: that buying a home should be simpler, faster, and less stressful. "Trussle's Smartbuyer proposition closely mirrors our own award-winning HomeBuyer Service, and combining our strengths is a natural next step to transforming this historically outdated sector." Sources said the transaction would edge OneDome - chaired by the veteran former City lawyer Sir Nigel Knowles - closer to a five-year goal of being involved in 10% of all UK homebuying transactions. The combined group, they added, would facilitate over £3.5bn in annual mortgage lending and process roughly 1,100 property transactions each month. It will have a workforce of about 230 people.
