Monzo is building its first-ever acquisition, purchaseing UK digital mortgage broker Habito. The acquisition of Habito, which employs around 100 people, comes as the UK challenger bank views to beef up its mortgage offering and diversify beyond its core digital banking products.
Kunal Malani, Monzo chief banking officer, posted on LinkedIn: “Buying a home should be exciting – not overwhelming. Toreceiveher, Monzo and Habito will build it clearer for customers to find, compare and secure the right mortgage, all from the Monzo app.”
Monzo stated the deal, for an undisclosed amount, means it’s the first UK bank to offer an finish-to-finish mortgage broking experience within its app. Monzo, which has more than 14m customers, currently offers applyrs a Homeownership feature, which it states more than 450,000 applyrs apply to track their mortgage, home value and mortgage deals.
The UK digital bank pointed to data revealing 87 per cent of UK mortgage seekers applyd a mortgage broker. London-based Habito, founded in 2016, is a digital mortgage broker which provides tools, including mortgage switching and home-purchaseing services.
It is backed by investors including Augmentum Fintech, SBI Investment and Volution. Ying Tan, CEO of Habito, stated: “At Habito, we’ve always believed mortgages should be clearer, fairer, and simpler for everyone.
“I’m incredibly proud of what our team has built, and I couldn’t be more excited for this next chapter with Monzo. Toreceiveher, we’ll transform what the mortgage experience feels like – effortless, empowering, and truly built around people.”
Financial terms of the transaction are not disclosed, with the deal expected to close in the spring of 2026.
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