A fintech and property enterprise which integrates parts of the homebuying course of has secured a multimillion pound funding from Channel 4 within the state-owned broadcaster’s newest media-for-equity partnership.
OneDome’s HomeBuyer service supplies mortgage recommendation, conveyancing and transaction administration in a single fixed-price bundle bought for £999.
Earlier this yr, the corporate swooped to purchase Trussle, the net mortgage dealer which had beforehand raised funds from buyers together with Goldman Sachs.
OneDome – chaired by the veteran former Metropolis lawyer Sir Nigel Knowles – has set a five-year goal of being concerned in 10% of all UK homebuying transactions.
After shopping for Trussle, it now facilitates near £5bn in annual mortgage lending, in addition to processing nicely over 1,000 property transactions every month.
The take care of Channel 4 Ventures will initially contain the supply of media stock price £5m, with one other £2.5m invested topic to particular enterprise milestones.
The partnership can be utilized in 2026 to launch a advertising and marketing marketing campaign selling the HomeBuyer Service.
OneDome, which says it’s already worthwhile, desires to triple revenues by the tip of 2026.”The homebuying experience is broken, disjointed and stressful,” mentioned Babek Ismayil, founder and chief govt of OneDome.
“Instead of juggling multiple service providers and managing the process themselves while working full time, buyers can now purchase one fixed-price service that includes everything they need to complete a home purchase.”
Channel 4 Ventures’ funding varieties half of a bigger funding spherical that OneDome is predicted to announce by the tip of the yr.
“This partnership is yet another example of how Channel 4 can create significant commercial benefits for the businesses that collaborate with us, pairing the unrivalled power of TV advertising with our investment expertise,” Vinay Solanki, head of Channel 4 Ventures, mentioned.”OneDome is tackling one of the toughest and most important consumer challenges — making the home buying journey simpler, faster and more transparent.
“It’s already one of many quickest rising scale-ups within the UK, and we consider it has the potential to remodel how individuals strategy certainly one of life’s greatest monetary choices.”
Different media-for-equity offers struck by the broadcaster embody partnerships with what3words, Pinterest, Crowdcube and Carwow,.
