UK digital mortgage and insurance broker Trussle is being acquired by Better, a US digital lender.
In Brief:
Trussle is currently worth $9mn.
It’s backed by Goldman Sachs and Finch Capital.
Better has grown through the pandemic in the US, lending almost $25bn last year.
What does this mean?
Trussle CEO Ian Larkin said of the deal: “Better and Trussle were both founded on the understanding that consumers increasingly prefer to use online services to shop and transact on major life purchases.”
The intention is for Trussle to help accelerate Better’s entry into the UK market due to its foundational technology and local knowledge.
