Overview of the transaction
Habito, the UK’s leading digital mortgage broker, raised £35 million of funding in its Series C round.
The investment round was led by international venture capital firms, including new investors Augmentum Fintech, SBI Group and Mojo Capital.
Existing investors Ribbit Capital, Atomico and Mosaic Ventures also participated in the round.
The investment will be used to further accelerate Habito’s rapid growth as it continues to transform the UK’s £1.3tn mortgage market with its proprietary sourcing technology, innovative mortgage products and homebuying services.
Overview of Habito
Founded in 2016 by Daniel Hegarty, Habito has helped more than 320,000 people better understand their mortgage needs and has submitted more than £4.5 billion worth of mortgages.
Habito has recently launched Habito Plus, a home buying service which brings a buyer’s mortgage application, conveyancing needs and surveys under one roof.
This product innovation was followed by the roll-out of Habito’s proprietary broker portal, giving more than 3,000 external brokers exclusive access to Habito’s own buy-to-let mortgage products and Instant Decision technology capabilities in February 2020.
In the last four years, the firm has become the UK’s best-known digital mortgage broker and was voted Best Mortgage Broker in the British Bank Awards.
Royal Park Partner's Role
Royal Park Partners acted as exclusive financial advisor to Habito and its board of directors through the Series C funding round, raising over £35m for the business.
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