Slaughter and May is advising leading digital bank Monzo on its acquisition of Hey Habito Ltd, the digital mortgage broker. The acquisition follows a period of exceptional growth for Monzo, and provides Monzo with a platform to offer a fully end-to-end mortgage broking experience within its app.
Kunal Malani, Chief Banking Officer at Monzo, said: “Monzo has transformed money management for millions and millions of customers - yet we know that mortgages still remain a complex, cumbersome pain point, and one we are looking to solve. This is a huge step in our mission to make money work for everyone, and we’re excited to bring Monzo’s simplicity and transparency to one of life’s biggest financial moments.”
The transaction is expected to close in Spring 2026, subject to regulatory and other customary approvals.