Habito prepares to announce Series C as Augmentum Fintech reveals £5m backing

By Oliver Smith on Friday 2 August 2019

Alternative Lending

The news comes as Habito moves to become a direct lender in buy-to-let mortgages.

Habito prepares to announce Series C as Augmentum Fintech reveals £5m backing
Image source: Habito CEO Daniel Hegarty.

Augmentum Fintech, the listed fintech investor, this morning revealed a new addition to its portfolio with a £5m investment in online mortgage broker Habito.

The news was not accompanied by an announcement from Habito, and the company declined to comment on the funding, indicating that the Augmentum cash could be part of a larger funding round still to be announced.

Augmentum is currently in the process of raising more capital from public markets to seize on what CEO Tim Levene calls “significant opportunities” ahead.

Habito meanwhile has been shifting into the world of direct lending via its own buy-to-let mortgages, which it was given the green light from the regulator to do so last month.

The company’s last funding round was its Series B in September 2017, in total Habito has raised £29m, now including Augmentum's fresh capital.

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