habito, an East London digital mortgage broker, has raised £5.5m in Series A funding from a venture capital fund. This will be used to grow the company, update its technology and transform the outdated mortgage industry.

Since its launch in April 2016, habito has helped more than 20,000 customers and completed £50 million in mortgage applications.

Over the next year, the company develop its machine learning capabilities to create an automated end-to-end allowing it to offer more services.

Habito, UK’s digital mortgage broker, secures £5.5m in Series A funding – RealWire (press release)