Monzo to acquire Habito

Digital bank Monzo has announced that it will acquire digital mortgage broker Habito.

Founded in 2016 Habito employs approximately 100 people. The deal comes as Monzo looks to branch out beyond its core digital banking products, becoming the first UK bank to offer end-to-end mortgage broking within its app.

Kunal Malani, Chief Banking Officer at Monzo, said “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 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.”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.”

Ying Tan, Chief Executive 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.”

The acquisition is expected to conclude in Spring 2026.