Acre, a London, UK-based one-click mortgage intermediaries’ platform, secured £6.5million investment secured a £6.5 million investment to expand its digital platform and revolutionize the home-buying process.
The McPike Global Family Office (MGFO) joins returning investors Aviva and Founders Factory in providing new cash to Acre's vision to digitize the homebuying journey to buying and delivering new, innovative ways to support brokers’ businesses.
Acre will continue its rapid customer growth and pursue its ambition of altering the way people buy homes following this investment. Acre intends to establish new agreements with lenders and insurers to assist its brokers in recommending and applying for the best financial products and services as quickly as possible.
Justus Brown, CEO and founder of Acre said: “We pride ourselves on being at the forefront of innovation in financial advice, delivering a new, modern approach that simplifies the advice journey for brokers and delivers on the needs of clients. This latest fundraise demonstrates our strength and commitment to the market and supercharges our ambitions as the tech platform of choice for brokers.”
Company: Acre Platforms Limited
Round: Late Seed Round
Funding Month: April 2023
Additional Investors: McPike Global Family Office, Aviva, and Founders Factory
Company Website: https://www.acresoftware.com/
Software Category: Mortgage CRM Software
About the Company: Founded in 2018, Acre is an all-in-one mortgage & protection platform designed to streamline the home-buying process. The company's platform uses blockchain technology to encompass all areas of the mortgage advice process, including sourcing, conveyancing, general insurance, and protection, enabling homebuyers to provide information, transfer documents securely, and communicate with their advisor. In 2022, Acre grew to over 1300 users, representing over £10bn in annual mortgage volume, a 10x growth over the year. The platform signed its first protection-only firm, Intrinsic House, and saw a number of networks, including Cornerstone Finance Group and Beneficial Network, join the ecosystem.