habito, a London, UK-based digital mortgage broker, raised £5.5m in Series A funding.
The round was led by Ribbit Capital, with participation from existing investor Mosaic Ventures.
The company intends to use the funds to enhance the technology behind its service, further developing its machine learning capabilities over the next 12 months.
Led by Daniel Hegarty, Founder and CEO, habito is a digital mortgage broker that has developed a platform to get people the best mortgage possible. Launched in April 2016, the platform has been used by more than 20,000 people and has completed £50 million in mortgage applications.
The company gives customers access to over 60 lenders in real-time, and enables them to complete the entire application online.
New ongoing developments will add new services, such as real-time mortgage approvals and automatic alerts when a better mortgage deal becomes available to registered customers.
The startup has now raised a total of £8.2m, with investors including Mosaic Ventures, Transferwise CEO Taavet Hinrikus, Funding Circle’s founder Samir Desai, and Yuri Milner.