Acre: The Blockchain Mortgage Lending Platform Raises £ 6.5 Million in Seed Round Financing

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

Introduction

In the world of finance, Blockchain technology has been making headlines for some time now. Various sectors have been exploring the applications of Blockchain, and the latest one to embrace it is the mortgage lending business. Acre, a blockchain mortgage lending platform, announced the completion of its £ 6.5 million seed round financing, with McPike Global Family Office, Aviva, and Founders Factory participating. As of now, the company’s total financing scale has reached £ 11.5 million.

The Concept behind Acre

Acre is a blockchain mortgage lending platform headquartered in London, UK, which provides support for the mortgage lending business. The platform uses blockchain technology to validate consumer and property data, thus creating a robust and secure system for mortgage lending.

The Technology behind Acre

The use of blockchain technology is a significant leap forward for the mortgage lending business. Blockchain is a decentralized technology capable of storing and recording digital transactions across a network of computers. It creates a record, or block, of every transaction, which gets added to the chain, forming an irreversible and transparent ledger. This technology removes the need for intermediaries or banks, ensuring cost-effectivity, transparency, and reliability.

Acre’s Annual Mortgage Loan Amount

The platform’s annual mortgage loan amount has exceeded £ 10 billion, which is a testament to its credibility and reliability. Acre stands out for its unique approach to mortgage lending, eliminating the middlemen, and bringing transparency and security to the forefront of the process.

The Significance of Seed Round Financing

Seed round financing is the first round of financing that a startup raises to get the business off the ground. The money raised during this round is used for the development of the product, marketing, expansion, etc. For startups, seed round financing is significant, as it marks the beginning of a successful journey. Acre’s successful seed round financing is indicative of investors’ belief in the platform and its tremendous potential.

Acre’s Future Plans

With the new funds raised, Acre plans to expand its reach by establishing new partnerships and launching financial products and services. The company aims to increase its annual mortgage loan amount and become the go-to platform for mortgage lending.

Conclusion

Acre’s seed round financing has put the spotlight on the use of blockchain technology in the mortgage lending business. The innovative platform has successfully raised funds and looks set to take the mortgage lending world by storm. With its unique approach to mortgage lending, Acre aims to bring about a significant change in the way mortgages are processed, making it cost-effective, transparent, and secure.

Unique FAQs

1. How does Acre use blockchain technology in mortgage lending?
– Acre uses blockchain technology to validate consumer and property data, creating a robust and secure system for mortgage lending.
2. How much money did Acre raise in its seed round financing?
– Acre raised £ 6.5 million in seed round financing, with McPike Global Family Office, Aviva, and Founders Factory participating, and its total financing scale has reached £ 11.5 million.
3. What are Acre’s plans for the future?
– With the new funds raised, Acre plans to expand its reach by establishing new partnerships and launching financial products and services, with the aim of increasing its annual mortgage loan amount and becoming the go-to platform for mortgage lending.