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.
- Current revenue growth rate exceeds the average of the last 3 years, indicating that market momentum is increasing
- Current gross profit margin is less than the average of the last 3 years gross profit margins, indicating customer pricing power
- Current EBITDA margin is less than the average of the last 3 years EBITDA margins, which may signal further consolidation