Their team is world-class and moves fast- so it was even more for our Forward Deployed Engineers to be embedded with them for months, building and iterating together to get this right.”
Vertical integration and the mortgage frontier The ultimate goal for these neobanks is to become a financial super-app – one that manages every penny a customer earns while supporting how to spend it. Monzo has taken a significant leap in this direction by announcing its plan to acquire digital mortgage broker Habito.
This acquisition, expected to close in Spring 2026, will make Monzo the first UK digital bank to offer an end-to-end mortgage broking experience within its app. By integrating Habito’ s technology, Monzo aims to simplify one of the most cumbersome pain points in a customer’ s financial life.
Kunal Malani, Monzo’ s Chief Banking Officer, explains that this is a“ huge step” in making money work for everyone by bringing transparency to the home-buying process. With Monzo’ s revenue rising 48 % to US $ 1.52bn( equivalent to £ 1.2bn) in the latest fiscal year, the capital is clearly there to fund such ambitious vertical integrations.
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