Led · Seed · Jun 2018

Molo Finance is a digitally native mortgage lender that uses technology to deliver simpler, faster online residential and buy-to-let lending. Since launching in 2018 it has positioned itself as Europe’s only digitally native mortgage lender and has led change in the UK mortgage market by delivering online buy-to-let loans with speed and efficiency. Molo is FCA regulated and provides both residential and buy-to-let mortgages. The company suspended its products in April 2022 due to capital markets volatility and the impact on some of its former funders. Through a new strategic partnership ColCap Financial has made a strategic investment and will support expanding Molo’s access to mortgage funding to restart and accelerate growth into the buy-to-let market. Molo plans to relaunch soon with a new, innovative range of buy-to-let products. MoloFinance has built a fully digital mortgage journey that automates most decisions and sources most information digitally to deliver near-instant decisions and a frictionless customer experience. The company is initially targeting Buy to Let mortgages while it works through regulatory approval with the FCA. Once FCA approval is secured MoloFinance plans to begin offering residential mortgages as well. Its product includes a transparent "robo-advisor" intended to prioritise customers' interests and reduce unnecessary costs compared with traditional, paper-based processes. The startup says it will generate revenue by taking a small share of the interest paid on mortgages, leaving the majority for funding partners, and will not charge customers broker or arrangement fees. MoloFinance closed £3.7 million in seed funding to support launching its first product release later this summer.

Led · Equity · Apr 2016

Disruptive Technologies develops ultra-small wireless sensor nodes positioned within the Wireless Sensor Network (WSN) market for Internet of Things (IoT) connectivity. The company says its sensors have unique characteristics in size, range, and battery capacity and aims to be a solution provider for connecting any "thing" to the Internet. Headquartered in Bergen with offices in Oslo, Trondheim, Aarhus, Munich and Palo Alto, Disruptive Technologies had 17 employees located in multiple geographies. Founded in September 2013, the company has until now been financed by employees and a few selected strategic investors. It plans to use the new investment to finance further development of its sensor technology and to build organization and infrastructure ahead of a market introduction targeted for early 2017. Including the NOK 50 million from Ubon Partners, Disruptive Technologies has raised a total of NOK 93 million.