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July 2018

Mortgage Technology

Sectorwatch

Improving the residential mortgage origination process for consumers continues to be a focus and is evident in several recent M&A transactions. MoloFinance, a London-based fintech that is developing a “fully digital” mortgage solution, closed a £3.7 million seed funding in June. The round was led by Ubon Partners, a Nordic fund focused on financial services. In the U.S., SimpleNexus, a leader in developing mobile apps to support the mortgage origination process announced it raised $20 million in growth capital from Insight Venture Partners.

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