UK online mortgage broker and lender Habito has secured a £5m investment in its online platform.

The board of listed FinTech investor Augmentum Fintech announced the investment, as it adds the firm to its portfolio.

Founded by Daniel Hegarty in 2016 after trouble with traditional brokers, Habito is now targeting the £1.3 trillion mortgage market

The firm said it has helped over 200,000 people better understand their mortgage needs and has completed at least £2.4bn in mortgage submissions.

Augmentum Fintech adds the firm to a portfolio of businesses hoping to disrupt the banking, insurance, asset management and wider financial services sectors.

The investors are the UK’s only publicly listed investment company focusing on the FinTech sector, having launched on the main market of the London Stock Exchange in 2018.