UK-based digital mortgage broker Habito has reportedly raised £5m in a fresh funding round.
A consortium of existing investors led the round. This includes Augmentum Fintech, SBI Investment and Volution, according to a report from Finextra.
This capital will help the digital mortgage broker to enhance its technology. It aims to reach profitability within the next 12 months.
Habito aims to make home-buying easier. The platform offers free support to find a mortgage. It also handles the legal work and survey to ensure homebuyers get a fair deal.
Habito founder and CEO Daniel Hegarty told Finextra, “Over the past six years, we’ve been on a mission to make mortgages easier with our unmatched technology and best-in-class mortgage advisors and case managers.
“With the cost of living biting, energy prices sky-rocketing and interest rates at a historic high it’s more important than ever for mortgage-holders and would-be homeowners to have access to the very best mortgage and home-buying advice.”
The digital mortgage broker previously raised £35m in its Series C round in late 2020. The capital came from Augmentum Fintech, SBI Group, mojo.capital and others.
The capital was raised after Habito received a B Corp certification. This means it has a legal commitment to prioritise people and the planet at the same level as profit.
There have been several sizable PropTech deals in the past few months. PropTech unicorn VTS recently raised $125m for its Series E funding round, which was led by CBRE Group.
The company offers data insights and solutions to the commercial real estate industry. With this, firms can improve their strategic decision making efforts.
Another sizable deal was raised by Stoa. The company secured $100m to aid its mission of closing the housing gap in the US. The capital was underwritten by Cantor Fitzgerald.
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