US mortgage platform gets funding for UK expansion

US mortgage fintech Roostify, whose cloud-based lending platform enables home loans to be processed via smartphone, has received funding for expansion into the UK. Rajesh Bhat, co-founder and CEO of Roostify, said:  “Digital transformation is a key strategic priority for banks worldwide, and industry-leading lenders are focused on delivering the best customer experience while managing costs . . . The Roostify lending platform enables lenders to realise up to 300% growth in loan applications and a significant reduction origination costs. The future is frictionless, everyone benefits when you optimise the lending process.”

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