London based online mortgage platform has raised £5.5m Series A funding from Ribbit and Mosaic Ventures. Habito's service has been live for 9 months and the startup has completed £50 million-worth of mortgages.
Habito CEO and founder Dan Hegarty told BI: "Someone in the mortgage market was saying to me the other day they think they've seen more innovation in the mortgage industry in the last 12 months than they have in the last 10 years. That's a general feeling. Fintech has arrived in mortgages." "You can see why it was one of the last places to approach because it is so complex and thorny and there are no quick wins. We've got some pretty radical ideas about what we can achieve here over the next 12 to 24 months."