Robo-adviser MortgageGym bags £500,000 from former Deutsche Bank exec

Mortgage robo-adviser MortgageGym has reportedly picked up a £500,000 investment from former Deutsche Bank AG COO Henry Ritchotte.

The company helps to make the mortgage application process simpler, with its launch planned for later in the year. This platform will help users complete applications within 15 minutes, while also offering quick mortgage eligibility, robo-advice and access to advisers, the reports state.

Following the transaction Ritchotte has joined MortgageGym as its news COO, according to various reports in the media.

Ritchotte joined Deutsche Bank in 1995, where over the years he has serves as the COO and chief digital officer.

Earlier this year the company raised a £2m seed funding round to help the platforms development before its launch later in the year.

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