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Thursday 20 June 2019

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Trussle hires FinTech expertise

Written by Peter Walker
15/04/19

Trussle has named veteran banker and FinTech executive Simon Williams as new its new chairman and product technology executive Supriya Uchil as a new advisor to help accelerate its growth.

The online mortgage broker also announced three-fold year-on-year revenue growth and - as yet unspecified - plans to develop new products.

Williams spent nine years at Citigroup, heading up its international retail bank, and more recently, served as head of HSBC’s Wealth Management group until 2014. Over the last 10 years, he has also been involved with FinTechs like LendingClub, OnDeck Capital, Nerdwallet, and Crowdcube.

He commented that the mortgage industry is outdated, confusing and expensive. “In the 21st century, consumers deserve better - a more convenient, clearer and hassle-free service - Trussle’s fresh technology-led approach is shaking up the mortgage process to make it transparent and accessible to everyone.”

Meanwhile, Uchil is the first appointee to Trussle’s advisory board, which will see more executives join as the company scales up. She has over 20 years of experience in tech companies, including Amazon and Zynga, and will work with the leadership team to improve the customer journey throughout the mortgage process.

Uchil said: “A mortgage is usually the largest financial decision someone makes in their lifetime, yet the process is opaque and overly complex – the mortgage industry is so ripe for disruption.”

Trussle was founded by, a who after struggling to navigate his own mortgage application. Having been left frustrated, out of pocket and ineligible for a mortgage, Malhi set up Trussle to fix the broken mortgage industry.

Four years after former City analyst Ishaan Malhi launched the company, it secured £13.6 million of investment led by Goldman Sachs PSI last year.

“I’m excited about the impact Simon and Supriya will have as we enter our next phase of growth,” said Malhi. “Appointing such high calibre executives gives us an unfair advantage in our fight for fairer mortgages and is a testament to the confidence in Trussle and the opportunity that lies ahead for our customers.”



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