TotallyMoney, a UK-based fintech firm that helps its clients make better financial decisions by putting them right at the center of their credit data, announced on Wednesday it has signed up its three millionth customer since its launch in 2017. This news comes just a few months after TotallyMoney secured a £5 million (appr. $6.5 million) investment from Silicon Valley Bank (SVB).
TotallyMoney claims it has “shaken up” the credit industry by providing customers with a range of clear, simple-to-use services, such as their free credit report and analysis, which tells customers what their score is, why it is what it is, and how to improve it.
“TotallyMoney is using technology to redefine consumer credit. In 2017, we launched our free credit report and live credit score, helping customers get on top — and stay on top — of their credit. We’ve built an industry-leading suite of tools to explain to customers why they got their score, what it means, and how to improve it. TotallyMoney’s eligibility checks help protect our customers’ credit ratings by reducing the risk of being rejected for credit. We show customers their chances of being accepted before they apply, allowing them to make better informed financial decisions.”
Speaking about the latest milestone, Alastair Douglas, CEO of TotallyMoney, stated:
“Knowing we’ve now equipped over three million people in the UK with the financial know-how to improve their credit score is huge. We understand, from a customer point of view, that the credit industry is sometimes complex. It’s why we’ve worked hard — and continually — with lenders and credit bureaus to provide services that can make a real difference to someone’s financial footing.”
“At TotallyMoney, we’re on a mission to improve the UK’s credit score and help our customers move on up to a better financial future. Acquiring over three million customers in a short time shows that our service is invaluable to many, and we’re excited to offer and expand it further to help even more UK adults improve.”