From digital payment platforms to online mortgage lending services and beyond, the world of personal finance is rapidly evolving in the UK. In this article, we’ll take a look at 15 companies based in London that are making waves in the industry.
Wirex: Revolutionizing Digital Payments
Wirex is a digital payment platform that aims to make cryptocurrencies and traditional currencies equal and accessible to everyone. The platform offers a range of services that allow users to buy, store, and spend cryptocurrencies seamlessly.
LiveMore Mortgages: Lending Services for Older Borrowers
LiveMore Mortgages is a financial services company that provides online mortgage lending services for older borrowers. Their online platform simplifies the application process and streamlines the lending process.
Tymit: Credit Cards and Buy Now, Pay Later Services
Tymit is a credit company that offers traditional credit cards and a buy now, pay later service. The platform’s unique features, such as instant card freezing and budgeting tools, make it a popular choice among consumers.
Koyo: Competitive Credit Through Machine Learning
Koyo uses machine learning to serve customers with competitively priced credit. The platform’s advanced algorithms analyze each applicant’s data to provide customized and fair loan offers.
Plend: A Better Way to Borrow
Plend is building a better way to borrow where consumers are no longer held back by credit history. Their platform uses a range of data points to determine creditworthiness, including employment history and social media profiles.
Capital.Com: Empowering Participation in Financial Markets
Capital.comis a high-growth, investment trading fintech group of companies empowering people to participate in financial markets. Their app makes trading accessible to everyone, with low fees and a user-friendly interface.
Penfold: Pension Management Made Easy
Penfoldis a pension management company that assists its users in tracking their pensions. The platform offers a range of features, such as automatic contributions and consolidated reporting, to make pension management easy and hassle-free.
Azimo: Fast, Secure, and Low-Cost Money Transfers
Azimo is an online money transfer company that provides a fast, secure, and low-cost alternative to legacy high street remittance services. Their platform offers a range of payment options and has competitive exchange rates.
Pockit: Digital Banking for the Underbanked Masses
Pockit is a financial technology company that provides a digital banking app for the underbanked masses. The app offers a range of features, such as budgeting tools and contactless payments, to make banking accessible to all.
Invstr: Commission-Free Investing and Banking
Invstr is a fintech app empowering investors to invest with commission-free investing and banking. The platform’s social network features allow users to learn from each other and share investment strategies.
Trussle: Free Online Mortgage Broker with Transparency
Trussle is a free online mortgage broker that works with much-needed transparency. The platform’s algorithms analyze each applicant’s data to provide personalized and transparent mortgage offers.
Unbiased.co.uk: Marketplace for Financial Advice
Unbiased is the leading marketplace and commerce destination for financial advice decisions. Their platform connects consumers with a range of financial advisors, providing personalized advice and recommendations.
Knoma: Payment Solution and Marketplace for Lifelong Learning
Knoma offers a payment solution and marketplace for lifelong learning. The platform’s innovative payment plans make education more accessible and affordable, with a range of courses available.
Currensea: Multi-Currency Debit Card for International Money Transfers
Currensea is a UK-based fintech that offers a debit card to consumers and small businesses that allows them to make purchases abroad without incurring foreign exchange fees. The card works with existing bank accounts via Open Banking technology. Since its launch in 2018, Currensea has raised over £5m in funding and won multiple awards, including Leading Financial Services or Payments Startup at the 2020 Emerging Payments Awards. Currensea has also been named a finalist in the innovation category of the British Bank Awards 2021 and certified Carbon Neutral by Carbon Neutral Britain.
Abound: Loans Based on You, Not Just Your Credit Score
Aboundis a financial services company that believes loans should be based on you, not just your credit score. Their platform uses a range of data points, including employment and education history, to determine creditworthiness and provide fair loan offers.
Conclusion
These 15 personal finance companies based in London offer innovative and accessible solutions to a range of financial needs. Whether you’re looking for digital payment options, online lending services, pension management, or investment opportunities, there’s a company here that can help. As the industry continues to evolve, it’s exciting to see the ways these companies are shaping the future of personal finance.
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