# Molo Tech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/molo-tech

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.molofinance.com
- Total disclosed funding: $5.3M
- Latest round: Series A (Oct 5, 2020)
- Investors on record: 4

## About

Molo Tech Ltd. specializes in providing online mortgage solutions, streamlining the application process for intermediaries and their clients. The company aims to enhance accessibility and efficiency within the mortgage sector.Founded in 2017, Molo Tech Ltd. operates in London, UK, and focuses on online mortgage solutions for intermediaries. The company has successfully executed a total of 5 deals, with its most recent deal occurring on February 1, 2023. Molo Tech received funding through a Series A round, raising GBP 10.000 mn, which represents the total amount raised to date. The founder, Ignacio Navas, has a history of entrepreneurship, contributing to the establishment of innovative financial solutions.Molo Finance primarily offers online mortgage solutions targeted at intermediaries, facilitating the mortgage application process for clients. Their core product is a streamlined platform that enables intermediaries to assess and calculate maximum loan amounts for their clients, including both UK residents and non-UK residents. Molo's lending criteria and associated fees cater to a diverse client base, which comprises mortgage advisors and brokers who seek to provide efficient mortgage options to their clients. The company’s offerings are tailored to address common pain points in the mortgage application process, such as speed, transparency, and accessibility, focusing on enhancing the intermediary experience through a user-friendly interface and supporting tools like case studies, eligibility checks, and resources for conveyancing.In the most recent year of 2023, Molo Finance generated revenue of GBP 1,833,979.60, while also recording an EBITDA of GBP -5,600,620.20. Revenue is generated through fees associated with the mortgage products and services offered to intermediaries, creating a direct line of service from Molo to these intermediaries, who assist consumers in securing mortgages efficiently.In February 2023, ColCap acquired an 80% majority stake in Molo Tech Ltd., which will help the company expand its market presence across the UK and support its growth strategy. Molo plans to leverage this acquisition to enhance product offerings and invest in new technologies aimed at further improving the intermediary experience. Specific growth strategies include the potential launch of new mortgage products and an emphasis on expanding into additional regions across the UK, ensuring that they meet the evolving needs of their clientele.

## Funding rounds

- Series A, Oct 5, 2020 — Yabeo Capital, GPS Ventures, Andenes Investments
- Seed, Feb 6, 2018, $5.3M — Ubon Partners

## Investors

- Ubon Partners (https://capitalatlas.ai/funds/ubon-partners) — Seed
- Yabeo Capital (https://capitalatlas.ai/funds/yabeo-capital) — Series A
- GPS Ventures (https://capitalatlas.ai/funds/gps-ventures) — Series A
- Andenes Investments — Series A