Zopa reports that ten more companies have joined the 2025 Fintech Pledge or pledge2025.org, which was launched in September aiming to tackle the UK’s cost-of-living challenge. In brief, the organization as grown to 22 since the last announcement in October.
The ten new members are as follows:
- Car finance and loan provider Blue Motor Finance
- Credit building service for renters Canopy
- Community and knowledge hub Open Banking Excellence
- Debt advice and management provider PayPlan
- Pensions aggregator Penny
- Open banking network Plaid
- Debt Advice charity StepChange
- Open banking platform Tink
- Policy and regulatory network The Financial Inclusion Alliance
- Credit building service Wollit
Founded by Zopa Bank and ClearScore, the pledge seeks to build up the financial resilience of UK consumers. It says that it is achieving this by connecting people to platforms that make savings work better, improve credit scores, consolidate debt, and more.
Zopa states that to date more than one million actions have been reported from all members.
Jaidev Janardana, CEO at Zopa Bank, commented on Pledge2025:
“Financial concerns are impacting more people than ever due to inflation and increasing interest rates, Recent FCA data from October showed that one in four adults are in financial trouble or at the brink of difficulty, while ONS data from the same month found almost half of adults who pay energy bills and 30% paying rent or mortgages say these are difficult to afford. Launching the pledge was a natural step for us, as the ethos of driving better financial outcomes for customers has always been in our DNA, but it has been fantastic to see so many fintechs and allies embrace it too. As we get ready to roll out our first set of 2023 consumer partnerships, I actively encourage members of the UK fintech ecosystem to help UK consumers weather this financial shock by joining the pledge.”