The acquisition of Habito marks Monzo's first acquisition.
Monzo is making its first-ever acquisition, buying UK digital mortgage broker Habito. The acquisition of Habito, which employs around 100 people, comes as the UK challenger bank looks 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. Together, Monzo and Habito will make it easier for customers to find, compare and secure the right mortgage, all from the Monzo app.”
Monzo said the deal, for an undisclosed amount, means it’s the first UK bank to offer an end-to-end mortgage broking experience within its app. Monzo, which has more than 14m customers, currently offers users a Homeownership feature, which it says more than 450,000 users use to track their mortgage, home value and mortgage deals.
The UK digital bank pointed to data showing 87 per cent of UK mortgage seekers used a mortgage broker. London-based Habito, founded in 2016, is a digital mortgage broker which provides tools, including mortgage switching and home-buying services.
It is backed by investors including Augmentum Fintech, SBI Investment and Volution. Ying Tan, CEO of Habito, said: “At Habito, we’ve always believed mortgages should be easier, 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. Together, 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.