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Augmentum Fintech invests £5m in Habito

Augmentum Fintech has announced that it has invested £5m in the on-line mortgage broker and lender, Habito. Habito (www.habito.com) says that it searches the whole market (90+ lenders, 20,000+ mortgages) to find its customers the best mortgage based on their circumstances

About Habito

Habito describes itself as “transforming the United Kingdom’s £1.3 trillion mortgage market by taking the stress, arduous paperwork, hidden costs and confusing process out of financing a home”. It says that, since launching in April 2016, it has helped over 200,000 people better understand their mortgage needs and has completed £2.4 billion in mortgage submissions.

About Augmentum Fintech

Augmentum Fintech plc is a European venture capital investor focusing exclusively on the fintech sector. Augmentum Fintech invests in fast growing fintech businesses that are disrupting the banking, insurance, asset management and wider financial services sectors. Augmentum Fintech launched on the main market of the London Stock Exchange in 2018, and is the UK’s only publicly listed investment company focusing on the fintech sector.

 

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2 thoughts on “Augmentum Fintech invests £5m in Habito”

  1. Hi Aaron, I can’t see that Habito has disclosed that number but, if you take the £2.4bn figure and divide it by what the Mortgage Advice Bureau says is the average size of a new mortgage – about £180k – then you get 13,333 so maybe your estimate is a little on the low side.

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