Habito raises £35m in Series C funding

Habito has raised £35 million in a Series C funding round and convertible loan extension.

The digital mortgage company was supported by Augmentum Fintech, SBI Group and mojo.capital, with participation from existing investors including Ribbit Capital, Atomico and Mosaic Ventures.

Habito has now raised more than £63 million in total across all rounds, with the latest investment going towards further building the team and technology.

The company has also become B Corp certified, meaning it has made a legal commitment to put people and planet on the same level as profit.

Already a Living Wage employer, over the coming months Habito will be formalising its impact business models, which will outline long-term commitments to positive change in society and the environment, including making the nation’s homes more sustainable and driving financial literacy in the UK.

To become a B Corp, the business was assessed and audited against rigorous standards of social and environmental performance, accountability and transparency. The accreditation process examines everything from a firm’s carbon footprint and partners’ supply chains to diversity and inclusion policies and helping vulnerable customer groups.

Daniel Hegarty, founder and chief executive of Habito, said: “We’re proud to take our place in the global movement of companies using business as a force for good and especially proud to be the first UK mortgage company to become certified.

"This is only the beginning; it’s our pledge to do better in the world and we’re looking forward to making this intent a reality.”

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