back Back

Mortgage Master secures SG$928,000 in Pre-Series A Funding

By Leandra Monteiro

April 29, 2021

  • Mortgage
  • UK
Share

Mortgage MasterMortgage Master, an Asian mortgage brokering platform, recently announced that it has raised SG$928,000 in a Pre-Series A funding round. The raised funds will be used to accelerate overseas expansion and strengthen customer relations. This round of investment was led by private angel investor Woon Young Jeong, and existing investors, including Bala Swaminathan, former President of Westpac International and Founder of S Cube Capital, and Andy Lim from Tembusu Partners.

The successful fundraising follows 12 months of consistent growth, which saw Mortgage Master triple its customer base in Singapore and enable homeowners to collectively reduce their monthly home loan repayments by more than SG$100 million. Since its launch, Mortgage Master has delivered unbiased advice for SG$4 billion worth of home loans and directly facilitated SG$800 million in home loan transactions on behalf of partner banks.

“Renewed funding from our investors reflects their confidence in our business model, growth trajectory, and our ability to meet a genuine need that has become more pronounced in recent months,” said David Baey, Co-Founder and Chief Executive Officer, Mortgage Master.

“With Singaporeans seeking a greater financial cushion amidst pandemic-induced uncertainty, those who own homes have benefitted from having Mortgage Master identify and secure the most favourable mortgage refinancing rates across the market and ‘return’ them a significant amount of cash that would have otherwise gone to waste. We are humbled by the trust that has been placed in Mortgage Master all around and will use the investment wisely to double down on our commitment toward doing right by every homeowner,” added Baey.

The capital will be used to strengthen customer acquisition through customer education, forge strategic partnerships, and enter new markets. With the funding, Mortgage Master can continue transforming the mortgage landscape and create a home loan market that is beneficial to both homeowners and banks.

Previous Article

April 29, 2021

Delchain and Flare partner to facilitate seamless cryptocurrency transactions

Read More
Next Article

April 29, 2021

Thought Machine integrates with Wise to boost international transfers

Read More








IBSi Daily News Analysis

cybersecurity

April 18, 2024

Mortgage

GCC banks bolster Cybersecurity measures to combat email fraud

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

April 18, 2024

Alter Domus goes live on the Temenos Multifonds platform

Read More

April 18, 2024

Klub & U GRO Capital to bridge the MSME credit gap in India

Read More

April 17, 2024

5 Lending platforms offering securities-backed loans in the UK

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023