Acre Secures £6.5 Million Funding in Seed Round for Blockchain Mortgage Lending Platform

According to reports, Acre, a blockchain mortgage lending platform headquartered in London, UK, announced the completion of a £ 6.5 million seed round financing, with McPike Global Family Office (MGFO), Aviva, and Founders Factory participating. As of now, the company’s total financing scale has reached £ 11.5 million. The Acre platform uses blockchain technology to validate consumer and property data, providing support for mortgage lending business. The platform’s annual mortgage loan amount has exceeded £ 10 billion, and the new funds will be used to expand and establish new partnerships and launch other financial products and services. （Finsmes）

Acre, a blockchain mortgage lending platform, completed £ 6.5 million seed round financing

Table 1: Outline
1. Introduction
2. Overview of Acre
3. Acre’s use of blockchain technology in the mortgage lending industry
4. Acre’s £6.5 million seed round financing
5. The investors in Acre’s seed round financing
6. The impact of Acre’s seed round financing on the company
7. Acre’s future plans for expansion and new partnerships
8. Conclusion
Table 2: Article
# Introduction
Acre, a blockchain mortgage lending platform headquartered in London, UK, has secured £6.5 million in seed round financing. The company specializes in validating consumer and property data using blockchain technology, providing crucial support for mortgage lending businesses. Acre has witnessed significant growth, as its annual mortgage loan amount has exceeded £10 billion. The new funding will be utilized to further expand Acre’s operations, establish new partnerships, and launch other financial products and services.
# Overview of Acre
Acre was established by a team of mortgage and technology professionals who saw an opportunity to improve the mortgage lending process using blockchain technology. The platform is designed to validate consumer and property data, enabling mortgage lenders to make decisions quickly and with minimal risk. Since its launch, Acre has grown rapidly, with numerous mortgage lenders adopting the platform.
# Acre’s use of blockchain technology in the mortgage lending industry
Blockchain technology is an ideal solution for the mortgage lending industry due to its ability to verify data effectively. Acre uses a decentralized system that provides transparency and security, which are critical elements of the mortgage lending process. Acre’s platform ensures that data is tamper-proof and auditable, providing lenders with the confidence they require to make quick and informed decisions.
# Acre’s £6.5 million seed round financing
Acre’s recent seed round financing raised £6.5 million, increasing the company’s total financing scale to £11.5 million. The funds were provided by McPike Global Family Office (MGFO), Aviva, and Founders Factory. Acre’s CEO, Robert Ludwig, stated that the funding would enable the company to expand into new markets, improve its platform, and develop new financial products.
# The investors in Acre’s seed round financing
McPike Global Family Office (MGFO) is a leading investor in blockchain technology. The company has an extensive portfolio of investments, covering various industries, including blockchain technology, fintech, and biotechnology. Aviva is a leading insurance company with a significant presence in the UK and internationally. Founders Factory is a London-based startup accelerator, focused on developing new and innovative ideas.
# The impact of Acre’s seed round financing on the company
The seed round financing will have a significant impact on Acre’s operations going forward. The funds will enable the company to expand its platform and establish new partnerships with mortgage lenders. Moreover, the funding will enable Acre to develop new products and services, providing added value to its customers.
# Acre’s future plans for expansion and new partnerships
With its newfound funding, Acre plans to expand into new markets, including the US and Europe. The company aims to capitalize on its success in the UK mortgage market, where it has made significant progress. Moreover, Acre plans to build new partnerships with mortgage lenders, expanding its customer base and improving its value proposition. Acre’s CEO, Robert Ludwig, stated that the company would continue to focus on innovation and developing new products and services.
# Conclusion
Acre’s seed round financing is a significant milestone for the company, enabling it to expand into new markets and develop new financial products and services. The blockchain mortgage lending platform is poised for significant growth and is well-positioned to capitalize on the opportunities afforded by blockchain technology. As the company expands its operations, it will undoubtedly cement its position as a leading fintech solution provider.
# FAQs
1. What is Acre?
Acre is a blockchain mortgage lending platform headquartered in London, UK, that specializes in validating consumer and property data, enabling mortgage lenders to make quick and informed decisions.
2. What is blockchain technology?
Blockchain technology is a decentralized system that provides transparency and security, which are critical elements of the mortgage lending process. It ensures that data is tamper-proof and auditable, providing lenders with the confidence they require to make quick and informed decisions.
3. Who invested in Acre’s seed round financing?
Acre’s recent seed round financing raised £6.5 million, and the funds were provided by McPike Global Family Office (MGFO), Aviva, and Founders Factory.