• Acre

  Participated · Equity · Apr 2019

  Acre builds software to digitise and automate the home‑buying process on the intermediaries' side, offering tools for mortgage brokers and other intermediaries. The company applies blockchain technology to help find and offer the best possible mortgages. Acre also provides intermediaries tools that automate compliance and aim to make the mortgage process more efficient and ultimately cheaper for buyers. Founder and CEO Justus Brown says the platform gives brokers the tools, data and insight to deliver speedy, efficient advice in a dynamic market. The company raised £6.5 million in a new funding round to continue its work on digitisation, automation and compliance tooling for intermediaries. Acre is a London-based company whose broker platform uses blockchain technology to consolidate detailed consumer and property data into an immutable 'record of transaction.' Its software brings together the components of the mortgage application process to speed workflows, reduce fragmentation, and help brokers manage compliance. The product aims to give brokers more control while delivering a faster, simpler experience for consumers; the article notes more than 70% of homebuyers getting a mortgage use a broker. Acre has raised a €5.8 million financing from Aviva and Sesame Bankhall Group (SBG). It has entered an exclusive partnership with SBG, one of the UK’s largest distributors of financial advice, to expand its client base. The company says the investment will be used to build its team further and realise its potential.

No current team members are available.