M∙QUBE is a digital mortgage lender and platform that automates the entire mortgage application and underwriting process, ingesting broker-supplied documents to instantly retrieve thousands of data points. The company says it uses 5–7 times more data than traditional lenders and applies deep learning to produce robust underwriting decisions in minutes for both simple and complex cases. Offers issued via the platform are legally binding rather than being decisions in principle, which M∙QUBE says increases certainty and helps prevent property deals falling through. The platform also enables brokers to verify customer data up front, reducing typical application delays that average 15–20 working days. M∙QUBE will distribute mortgages exclusively through intermediaries while partnering with lenders, investment banks and asset managers to supply debt capital for loan issuance. The business highlights a low-cost operating model and a senior team (over 100 years of financial services experience) as drivers of scale and improved returns for buy-side investors.

Total raised

$6M

Funding rounds

1

Latest round

Seed

Latest activity

Nov 2019