Monzo to acquire Habito to launch digital mortgage broking

December 16, 2025

Monzo, a UK-based digital challenger bank, has announced plans to acquire Habito, a London-headquartered digital mortgage broker in a move designed to simplify how customers access and manage mortgages.

The reason for the new product push and acquisition is rooted in Monzo’s ambition to remove friction from one of the most complex financial decisions people face. While Monzo has transformed day-to-day money management for millions, mortgages remain a pain point for many consumers, often involving lengthy paperwork, opaque pricing and fragmented experiences. By bringing mortgage broking directly into its app, Monzo aims to make the process simpler, faster and more transparent.

Monzo was founded in 2015 and has grown rapidly to become the UK’s largest digital bank, serving more than 14 million customers. The bank offers personal and business accounts alongside a growing range of tools designed to help customers budget, save, invest and borrow.

The planned acquisition of Habito would allow Monzo to offer a fully digital, end-to-end mortgage broking experience within its app.

Additional information around the product highlights the scale of the opportunity. Research cited by Monzo suggests that 87% of UK mortgage seekers used a mortgage broker in 2024, underlining the importance of broking in the market.

Kunal Malani, chief banking officer at Monzo, said, “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.”

Habito CEO Ying Tan 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.”