A British ownership company and fintech that aims to improve the home purchase process has plunged to buy trussle, a digital mortgage broker once supported by Goldman Sachs, the Wall Street giant.
Sky News understands that Oondome, which incorporates mortgage, legal and insurance services in one online process, has entered into an agreement to buy a better house and financial trading company listed in the United States.
The terms of the agreement were not clear on Thursday, the transaction subject to the approval of the city’s regulator.
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Trussle, which is also negotiated better.co.uk, was founded in 2015 and collected nearly 30 million pounds sterling in a series of financing rounds.
Its sale in 2021 would have assessed the company to a significant discount to this sum.
In a press release published in Sky News, Babek Ismayil, founder and chief executive officer of OneDome, said: “Trussle built an excellent team and a reputation for innovation and customer concentration.
“We share a clear vision: the purchase of a house should be simpler, faster and less stressful.
“The SmartBuyer de Trussle proposal closely reflects our own award -winning house buyers, and combining our forces is a next natural step to transform this historically exceeded sector.”
Sources have indicated that the transaction was breastfeeding OneDome – chaired by the former lawyer for the veteran city Sir Nigel Knowles – closer to a five -year target of being involved in 10% of all house construction in the United Kingdom.
The combined group, they added, would facilitate more than 3.5 billion pounds sterling in annual mortgage loans and deal with around 1,100 real estate transactions each month.
He will have a workforce of around 230 people.