Monzo completes acquisition of Habito – Mortgage Strategy

Monzo has today completed the acquisition of digital mortgage broker Habito.

The acquisition, which was originally announced in December last year, makes Monzo the first UK bank to offer a fully end-to-end mortgage broking experience within its app.

Monzo already has a tool to help people track their mortgage via its Homeownership feature, which connects any mortgage, shows the balance and home value and highlights better deals.

When the acquisition was announced, Habito chief executive Ying Tan confirmed he would be staying on once it become part of Monzo to lead the charge into its next phase.

In December, Monzo Bank said it had appointed Andrei Lebed as head of homeownership. Lebed joined from Koodoo, a company he founded in 2019.

He previously worked at Dynamo Mortgages as product lead between 2017 and 2019, a company that Tan founded in February 2006.