Legal & General Invests in Smartr365

Legal & General’s Fintech business has made a £3m investment in Smartr365, a cloud-based end to end mortgage technology platform.

Founded in 2016 with the aim of helping mortgage brokers deliver a digital and more efficient service for customers, Smartr365 providers a number of services designed for mortgage brokers, home buyers, introducers, and solicitors. The 12-person company is led by Conor Murphy and has previously raised £1m in Seed funding.

“We are huge supporters of the adviser market at Legal & General and recognise that they are invaluable in helping people through the home financing process. But we also recognise that they have to work very hard managing the administration when they could be using technology to free up their time and help more customers. Within the Fintech business in Legal & General we look for opportunities to help markets on the journey from analogue to digital, especially where the customer experience can be improved as well. Smartr365 offers us the perfect platform to combine both of these aims and help the entire mortgage industry. I am personally looking forward to working closely with the management team at Smartr365 and sharing ideas to continue innovating the platform that Smartr365 is offering to intermediaries, right across the UK.” – Legal and General’s MD of Fintech, Nick Frankland.