Habito secures €29.7 mn in Series C funding; receives B Corp certification

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UK-based digital mortgage company, Habito has reportedly secured around €29.7 million in a Series C fundraising round. The funding round was led by new investors Augmentum FinTech, SBI Group, and mojo.capital along with participation from various existing investors, including Ribbit Capital, Atomico, and Mosaic Ventures. This brings the total investment raised by the company to €69.7 million across all rounds.

Daniel Hegarty, CEO, and founder 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. For us, it’s not just about revolutionising homeownership in the UK, but also about getting our own house in order and looking after our Habito community. B Corp recognises our intent to have a measurable impact on the world. 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.”

The FinTech has recently been certified as a B Corp, meaning it has made a legal commitment to put “people and planet on the same level as profit.” Currently, there are more than 3,000 accredited B Corp companies globally, including Ben & Jerry’s, Patagonia, and WeTransfer.

Established in 2016 and headquartered in the UK, Habito aims to assist its customers in understanding their mortgage needs as well as in mortgage submissions. Its services revolve around digital lending via its own buy-to-let mortgages.