Digital mortgage broker doddl has announced new investment to fund expansion of activities.
Since its launch in July 2019, doddl.ie says it has assisted customers with over €1bn in residential mortgage applications.
With c.40 staff, doddl.ie is led by Martina Hennessy and Gráinne Forbes.
The funding round – described as in excess of €1m – includes investment from NSN Investments, controlled by Michael Nolan and Steven Scott, and Andrew Murphy’s Merleview Ltd.
Both NSN and Merleview will appoint directors to the board at Mortgage Horizons Ltd, the regulated entity of doddl.ie.
Michael Nolan was previously involved in the sale of Cove Energy to Thailand’s PTTEP in 2012, while Steven Scott is a founding partner at UK private equity investment group Penta Capital.
Andrew Murphy has supported a number of start-ups and scale-ups in recent years, including Robotify Labs as co-founder which was acquired in late 2021.
He previously founded Slainte Healthcare, which incorporated Claimsure Ireland, an Insuretech solution for healthcare, and Vitro Software, a medical records application.
“This funding is a great endorsement of the doddl business and of the team behind its growth in recent years,” said Martina Hennessy, doddl.ie CEO.
“It will allow us to further develop our mortgage offering and to deliver a world-class digital experience to our customers by implementing the latest technologies, from Open Banking to Artificial Intelligence.
“Doddl has achieved a high level of success by anticipating a shift in how consumers prefer to engage with financial services providers, providing an industry-leading digital application process supported by a team of top mortgage experts and access to all major mortgage lenders in Ireland.
“We see a huge opportunity to support Irish consumers through the challenging home buying process by making the mortgage application experience simpler, less stressful and more transparent.”
Hennessy established Mortgage Horizons in 2004 after a brief spell with PwC.
The company had turnover of €2m in 2021, a 65% advance on the previous year.
Pre-tax profit for the period was €320,000, and company net worth grew from €330,000 to €600,000.
TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.
The S&P/TSX composite index was up 103.40 points at 24,542.48.
In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.
The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.
The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.
The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.
This report by The Canadian Press was first published Oct. 16, 2024.
TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.
The S&P/TSX composite index was up 205.86 points at 24,508.12.
In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.
The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.
The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.
The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.
This report by The Canadian Press was first published Oct. 11, 2024.
TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.
The S&P/TSX composite index was up 0.05 of a point at 24,224.95.
In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.
The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.
The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.
The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.
This report by The Canadian Press was first published Oct. 10, 2024.