UK Startup Molo is UK’s First Fully Digital Mortgage Lender

Forbes interviews Francesca Carlesi, the CEO of Molo which claims to be the UK’s first fully digital mortgage lender; the company touts 15 minute mortgages which are fully underwritten online, giving borrowers instant decisioning; Carlesi has previous experience as a University professor and also worked for McKinsey & Co; she began the company after going through her own mortgage experience back in 2017 and notes that while the rest of banking has seen movement over the last 10 years, mortgages are largely the same; they launched their MVP in the buy to let market twelve weeks ago but are already looking at residential mortgages. Source

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