RVU to Acquire Mojo Mortgages
RVU, owners of Money.co.uk, Uswitch and Confused.com, have announced their plans to acquire Mojo mortgages for an undisclosed figure.
Mojo is an online mortgage broker based in Manchester, with just over 60 employees. The company delivers personalised mortgage recommendations through the use of both technology and human mortgage experts.
The UK mortgage market has been slow to move to digitalisation, and Mojo is one of a handful of leading digital disruptors to the industry. Having won numerous awards, including Best Mortgage Broker and Innovation of the Year in the 2019 British Bank Awards, Mojo is becoming increasingly popular, with over 70,000 visitors a month.
The deal is still subject to regulatory approval, but RVU chief executive Tariq Syed has some ambitious plans for the mortgage brokers. RVU already receive over 5-million mortgage-related sessions across its current platforms, which they plan to integrate with Mojo’s tech.