Office address: 84 Eccleston Square, London SW1V 1PX
Website: www.molofinance.com
Year established: 2017
Company type: financial services
Employees: 40+
Expertise: fintech, lending, buy-to-let mortgages, HMO mortgages, portfolio BTL mortgages, remortgage options, BTL for first-time landlords, individual BTL mortgages
Parent company: ColCap
Key people: Matt Kimber (CEO), Andrew Chepul (executive chairman), Mark Michaelides (CCO), Natalia Roshchupko (CTO), Julie Eastty (head of compliance and MLRO), Neil Jones (financial director), Paolo Tanca (treasurer)
Financing status: venture capital-backed
Molo is a fintech company based in London, specialising in digital mortgage solutions and other services. With its fully online mortgage application process, the company offers a range of products that includes buy-to-let and residential mortgages. The online lender has grown to have a workforce of more than 40 employees, with over £1.7 billion in mortgage applications submitted through its platform.
Molo was founded in 2017 with the vision of transforming the mortgage industry through digital innovation. In 2018, Molo launched its first digital buy-to-let mortgage product, making it the UK's first fully digital mortgage lender. By 2020, the company had secured Series A funding, which fuelled its expansion and product diversification.
In 2021, Molo introduced a range of residential mortgage products, further broadening its market reach. ColCap Financial, a prominent privately-owned non-bank mortgage lender in Australia, acquired an 80% stake in Molo in 2023. In 2024, Matt Kimber was appointed as the new CEO, marking a new era of leadership for the company.
Molo provides a range of mortgage solutions that are tailored to meet the needs of the clients. Key offerings include:
buy-to-let for first-time landlords: supporting individuals entering the buy-to-let market for the first time with tailored products and expert guidance
Molo’s business operations are integrated with values, which guide the company's work environment and decision-making, ensuring consistency and integrity in delivering services. They help create a cohesive culture that aligns the team's efforts towards achieving the company's goals and meeting customer needs. The company’s values are:
Molo promotes an inclusive workplace, supporting the growth and development of women within the company. It encourages a broader range of perspectives and ideas, leading to more innovative problem-solving and decision-making. Initiatives that reflect the company’s dedication to diversity include:
Matt Kimber serves as CEO of Molo, bringing in over 20 years of industry experience. Kimber has held significant roles at CHL Mortgages, Castle Trust, Lloyds Banking Group, MT Diary Solutions, and more. He has extensive expertise in office operations, executive management, strategic planning, data analysis, and FDM, among others.
The key people who assist Kimber in leading Molo include:
Molo is well-positioned to develop its product offerings and operations under the leadership of newly appointed CEO Matt Kimber. His experience in the mortgage industry will guide the company through its next phase of growth and innovation.
Recently, ColCap and Molo have successfully finalised a £300 million securitisation deal, marking a crucial milestone in their strategic partnership. With its online-focused approach in doing business and recent successful initiatives, the company will continue to expand its market presence and lead the way in the digital mortgage industry.
One lender offers a sub-3% two-year fix
It also appoints new national account manager
The complex transition required multidisciplinary expertise
Cambridge & Counties Bank, Just Mortgages, and Molo Finance also announce key hires
Specialist lender also cuts rates across products
New products are introduced while some existing rates are cut
Strategic hires to enhance support for brokers in their assigned regions
Lender's residential range refreshed with increased affordability options
The lender will continue to operate under its current management team
Paragon Bank and Molo Finance reprice BTL deals, while Hodge slashes rates on later life products