W&F Q4 2021

www.wealthandfinance-news.com 12 Wealth & Finance International - Q4 2021 Best Digital Mortgage Lender – UK In a world where the way people listen to music, watch films and do their shopping has changed forever, financial services have been a bit slower to catch up with the digital revolution. Gradually, customers have been offered new, digital ways to manage and save their money, although getting a mortgage has remained in the dark ages. Molo Finance is changing that – It is delivering the future of mortgages, now. Molo Finance is the UK’s first fully-digital mortgage lender, meaning it is the first to offer mortgage processing fully online. By using the power of technology to make real-time lending decisions via a digital, seamless and transparent journey, customers are able to receive quicker answers, and a better overall experience. Molo exists solely to fix what is fundamentally broken in the mortgage market – inefficient, slow, painful processes transformed into fast, real-time decisions; a lack of transparency and waiting weeks, only to find you haven’t been approved, transformed into transparency of eligibility and decisioning; and layers of cost and tricksy incentives transformed into fair value, with low fees and no hidden charges. Co-founder and CEO, Francesca Carlesi is passionate about fintech and the power of technology to transform financial services. She founded Molo in the summer of 2017, when she had begun looking for a mortgage and realised just how slow the whole process was – with heavy reliance on manual, paper-based processes, long decision times and a fragmented value chain. She shared her frustration with her friend, Leo Grünstein, serial co-founder and investor in new ventures, and it soon became clear that between them, they could come up with a solution to this problem. Thus, after a few months, Molo was born, and it became one of the fastest growing start-ups in the UK’s fintech ecosystem. Their key question was “if we had to design mortgages today for the first time, thinking only about the customer, how would we do it?” Free from the outdated processes of the current banking system, they began working on making their idea become a reality. They built a team with the perfect mix of technology expertise, banking and mortgage experience, and passion for providing an outstanding customer experience, and after less than a year, the first Molo mortgages became available. As the lender, Molo works directly with the client to offer a smooth and transparent mortgage process free of complications. Being fully digital means it will review the application entirely online, meaning no paperwork and faster decisions throughout the entire process. It avoids mortgage jargon and uses clear language to make every step of the process easy to understand. And just because the process is online doesn’t mean the client can’t reach the company – Real human contact is important, and a member of staff can be contacted any time via live chat, email or phone. Indeed, Francesca and Leo have started in the buy-to-let market, but they will certainly not be stopping there! They will continue leveraging all the latest developments of technology and working with their exceptionally talented team of banking professionals, technologists and visionaries to keep revolutionising the mortgage industry in the UK. Company: Molo Finance Website: www.molofinance.com Jun21296