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Blockchain-based Mortgage Lending Platform Acre Raises £ 6.5 Million in Seed Round Financing

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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

Blockchain-based Mortgage Lending Platform Acre 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

Acre, a blockchain-based mortgage lending platform based in London, UK, has recently announced the completion of a £ 6.5 million seed round financing. The funds were raised with the participation of McPike Global Family Office (MGFO), Aviva, and Founders Factory. This recent funding has increased the overall financing of the platform to £ 11.5 million.

What is Acre?

Acre is a blockchain-based mortgage lending platform that uses cutting-edge technology to validate consumer and property data, thus providing support for mortgage lending services. One of the main advantages of the platform is that it ensures that all data is tamper-proof and immutable, reducing the potential for fraud or errors.

Funding and Expansion Plans

With the recent completion of their seed round financing, Acre plans to use the funds to expand its services and establish new partnerships in the financial industry. The platform has already exceeded an annual mortgage loan amount of £ 10 billion and aims to offer a range of financial products and services in the future.

Advantages of Acre’s Technology

Acre’s platform is built using blockchain technology, which offers numerous advantages over traditional lending platforms. The immutable nature of blockchain ensures that all data on the platform is secure and transparent, reducing the chances of fraudulent activities. Additionally, the platform’s innovative use of blockchain technology streamlines the mortgage lending process, improving the experience for both lenders and borrowers.

Partnerships and Future Growth

Acre’s recent funding round is expected to help the company establish new partnerships and collaborations in the financial industry. The platform aims to provide seamless financial products and services using blockchain technology. Their ability to explore and adopt new technologies and apply them to the financial sector has allowed Acre to become a leader in its industry.

Conclusion

Acre’s recent funding round highlights the immense potential of blockchain technology for the financial industry. As the platform continues to grow and expand its services, it is expected to gain further traction and visibility in the industry. With its innovative technology and commitment to improving consumer lending experiences, Acre is poised to become a leading force in the financial sector.

FAQs:

1. What is Acre’s platform built on?
Acre’s platform is built using blockchain technology, which offers numerous advantages over traditional lending platforms.
2. How does blockchain technology help to reduce fraud in mortgage lending?
The immutable nature of blockchain ensures that all data on the platform is secure and transparent, reducing the chances of fraudulent activities.
3. What are Acre’s plans for future growth and expansion?
With the recent completion of their seed round financing, Acre plans to use the funds to expand its services and establish new partnerships in the financial industry.
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