Mast - the startup that's turbocharging mortgages
by Startacus Admin
.JPG)
London-based fintech startup Mast builds cloud-native mortgage technology to help streamline the mortgage process and help both lenders and borrowers alike.
It’s an acknowledged fact that the property ladder is becoming harder to get onto, but when you do manage to scrape together enough money to put down a deposit on your own home, you need a mortgage. These come with their own problems and hassles, not least of all how long it can take to get any response to a mortgage application, making many people uncertain if they’re even going to get a response. This can be due to rigid origination processes, in which making corrections, asking clarifications, checking documents, etc., wastes a lot of time.
London-based fintech startup Mast has created a cloud-native origination platform to streamline the process and support both borrowers and lenders. Mast can speed up the whole process of lending so that borrowers can access the money faster (and be less likely to lose out on their dream home because of something outside of their control), and lenders can process more applications without expending more resources. Real-time feedback means that unsuitable applications will be caught and stopped long before they otherwise would, and bespoke packaging makes things even more tailored to help the work go even quicker.
Payment is usage-based, meaning that you don’t buy a product that later requires a paid upgrade, and the more you use Mast, the more income the startup makes, so they have a vested interest in maintaining the best service possible. And the fact that the platform has helped process more than £50 million worth of mortgage applications suggests that they are doing just that.
In June, Mast announced that it had raised £1.2 million in funding in a round led by Antler VC, with participation from angel investors including the founders of Booking.com, Monzo and ThirdFort, as well as senior executives from Pivotal, VMWare, Jones Lang Lasalle, Airwallex, and more. The funding will go towards improving the platform and further automating the origination process.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Tobin Capital continues to expand its portfolio by investing in pop-up marketplace Sook, the startup on a mission to revolutionise the high street.
Sodexo and L Marks open call for applications from innovative startups and scaleups to join their inaugural Sodexo Healthcare and Seniors Accelerator.
The lowdown on FuturePlus, the startup that's on a mission to make sustainability accessible, achievable and affordable for all businesses.
.jpg)
John McLachlan, author and co-founder of Monkey Puzzle Training & Consultancy examines the differences between action-oriented and reflective leaders and which approach is best.
The fitness app that's not just about physical fitness; GoJoe helps employers to engage, motivate and connect their people across all pillars of wellbeing.
Now in its fifth year, North West England water firm United Utilities opens call for Innovation Lab, its pioneering ideas incubation programme.
Not-for-profit OneTech has spunout from Capital Enterprise to expand its offering and continue its mission of creating a more equitable, diverse and supported startup ecosystem.
London-based startup Deep Render tackles the internet’s data and bandwidth challenges via its innovative AI-powered file compression technology.
The lowdown on Dublin-based startup and NUI Maynooth spin-out Neuromod Devices and its innovative evidence-based bimodal neuromodulation treatment for chronic tinnitus.
.jpg)
With the clear shift towards generative AI, Richard Hayes, search director at digital marketing agency Catalyst explores what it means for SEO...
Published on: 11th July 2022
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Startup Sook Receives Investment from Tobin Capital 24th May 2023 Tobin Capital continues to expand its portfolio by investing in pop-up marketplace Sook, the startup on a mission to revolutionise the high street.
- L Marks Seeking Startups and Scaleups for Sodexo Healthcare and Seniors Accelerator 23rd May 2023 Sodexo and L Marks open call for applications from innovative startups and scaleups to join their inaugural Sodexo Healthcare and Seniors Accelerator.
- United Utilities Innovation Lab launches call-out for innovative ideas for fifth programme 18th May 2023 Now in its fifth year, North West England water firm United Utilities opens call for Innovation Lab, its pioneering ideas incubation programme.
- OneTech Spins Out from Capital Enterprise to Support Underserved Communities in Tech Across the UK 18th May 2023 Not-for-profit OneTech has spunout from Capital Enterprise to expand its offering and continue its mission of creating a more equitable, diverse and supported startup ecosystem.
