The investment, which is subject to Financial Conduct Authority (FCA) approval, will be used to build out its technology platform as it seeks more UK customers.
TotallyMoney offers a proprietary borrowing power algorithm which uses information from a customer’s live credit position together with real-time market-wide lending data. The technology shows customers how likely they are to be accepted for credit without impacting their credit rating.
Back in August 2018, TotallyMoney partnered with UK-based online mortgage broker Trussle.
Trussle’s mortgage broking service will be integrated by TotallyMoney to offer its customers a view of their personal finances and what credit products could be available to them.
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