Leading digital bank Monzo today announces its agreement to acquire Habito, the UK’s leading digital mortgage broker, as it moves to transform one of life’s most important financial moments — getting a mortgage. The acquisition will make Monzo the first UK bank to offer a fully end-to-end mortgage broking experience within its app, making the process simpler, faster, and built around customers’ needs. 

Monzo, which recently topped 14 million customers, already helps more than 450,000 people track their mortgage via its Homeownership feature - the UK’s first tool that connects any mortgage, shows your balance and home value, and highlights better deals. With research* suggesting that in 2024, 87% of UK mortgage seekers used a mortgage broker, the acquisition brings Monzo another step closer to becoming the one app customers use to manage their entire financial lives - tackling yet another key financial decision for consumers.

The announcement comes in a period of exceptional growth for Monzo, which has included: 

• The business topping 14 million total customers, including 800,000 businesses or 1 in 7 across the UK. 

• Revenue soaring 48% to £1.2bn in FY2025, with adjusted profit before tax up to £113.9m from £13.9m.

• Monzo being ranked #1 in Great Britain for overall service quality in both personal and business banking by the Competition and Markets Authority for the tenth time, and being named a Which? Recommended Provider for Current Accounts for the second year running. 

• More game-changing products and features: U16 accounts with savings interest, Undo Payments and curated ETF investments to make investing simpler.

• Publishing The Book of Money, a Sunday Times Bestseller, helping people rethink their relationship with money. 

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.”

Ying Tan, CEO 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.”

Financial terms of the transaction are not disclosed. The deal is expected to close in Spring 2026, subject to regulatory and other customary approvals.