Mortgage Magic, which launched its CRM and mortgage management platform last week, has revealed that investor and entrepreneur, Sam Malin, has invested in the business.

Malin, who is co-owner of Burke’s Peerage, is an oil tycoon and technology investor.

Mortgage Magic has also appointed Rt. Hon. Sir Tony Baldry as chairman. He is a barrister and businessman who served in various Conservative administrations, including as minister of state for agriculture in John Major’s government and was MP for Banbury from 1983 to 2015.

According to ,

Tanjir Sugar, Mortgage Magic’s managing director and co-founder, said: “To have attracted investment from Sam Malin is a particular coup for us. Our CRM and mortgage management proposition for advisers will revolutionise the way in which advisers manage their customers across the whole mortgage journey and beyond.

“To have impressed someone of Sam’s experience shows that Mortgage Magic has definitely passed its first big credibility test.

“With Sir Tony Baldry also joining our board as chairman, we are in the fortunate position of having two highly respected and experienced businessmen to help us turn our proposition into the next fintech success story and one which is specifically designed to assist the adviser channel rather than work against it.”