Monzo has made its first acquisition with a swoop for digital mortgage broker Habito.
The digital bank said the deal, for an undisclosed amount, will see it offer an end-to-end mortgage broking experience within its app.
Monzo has more than 14 million customers and says more than 450,000 of them use its Homeownership feature to track their mortgage, home value and mortgage deals.
Habito, which employs around 100 people and is also based in London, was founded in 2016. Its tech includes mortgage-switching and home-buying services.
The PropTech’s founder Daniel Hegarty stepped down as CEO in 2023 following a tumultuous year, with Ying Tan, an investor and founder of mortgage broker Dynamo – which he exited in 2021 – succeeding him.
“At Habito, we’ve always believed mortgages should be easier, fairer, and simpler for everyone,” said Tan.
“I’m incredibly proud of what our team has built, and I couldn’t be more excited for this next chapter with Monzo.
“Together, we’ll transform what the mortgage experience feels like – effortless, empowering, and truly built around people.”
The deal is expected to close in the spring of 2026.
Kunal Malani, chief banking officer at Monzo, added: “Monzo has transformed money management for millions and millions of customers – yet we know that mortgages still remain a complex, cumbersome pain point, and one we are looking to solve,” said .
“This is a huge step in our mission to make money work for everyone, and we’re excited to bring Monzo’s simplicity and transparency to one of life’s biggest financial moments.”
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