MQube in a equity round backed by Barclays, M&G Investments and Citigroup’s SPRINT arm.

MQube, a London, UK-based startup building tech-enabled brokerage for mortgages, announced completing series A.

The money was raised from investors including Barclays, M&G Investments and Citigroup’s SPRINT arm, as well as existing shareholders AV8, IQ Capital and JamJar Investments.

MQube, founded in 2016 by Richard Fitch and Stuart Cheetham, developed a mortgage business backed by two products - MPowered, a platform open to all mortgage lenders that uses AI to support underwriting, user journeys and data science to improve risk management and compliance; and MPowered Mortgages, which uses the platform to provide mortgages to qualified borrowers.

In 2019, MQube raised its seed funding from AV8 (lead investor), IQ Capital and JamJar Investments.