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Peer2Peer Finance News | August 18, 2019

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Habito wins £5m investment from Augmentum Fintech

Habito wins £5m investment from Augmentum Fintech
Kathryn Gaw

FINTECH investment fund Augmentum Fintech has invested £5m in online mortgage broking and lending platform Habito.

Augmentum revealed the news in a short note to the market, but neither company has issued a statement regarding the use of the funds, or whether any new investments will be forthcoming.

The investment follows a period of expansion for Augmentum Fintech, which counts Zopa as its largest holding.

In June, the London-listed investment fund added a further £8.5m to three of the technology companies in its portfolio: Monese, Tide, and Duedil.

The day after announcing these new investments, Augmentum announced that it was planning a new share issue to raise £30m.

Habito was founded in 2016 and aims to help people better understand their mortgage options. Since it launched, it has helped more than 200,000 people and handled approximately £2.6bn of mortgage submissions.

Read more: Augmentum Capital signs up to Innovate Finance