Digital bank Zopa and ClearScore report they have surpassed 10 million consumer actions that aim to boost the financial resilience of UK consumers as part of the 2025 Fintech Pledge. The coalition also hit 50 partners with the addition of SalesForc.
The Fintech Pledge had a deadline of 2025 to hit the goal. Zopa says the ten millionth action was completed last month.
The Pledge is said to have connected consumers to Fintech platforms that make savings work harder, improve credit scores, consolidate debt, and lower utility bills and household outgoing costs.
The progress has led the coalition to extend the goal to 25 million actions, which is about 50% of the UK population. At the same time, a new “Benefits” objective has been added to help consumers receive the £18.7 billion income-related benefits and social tariffs that go unclaimed each year.
Zopa CEO Jaidev Janardana said they were pleased with the progress of the 2025 Fintech Pledge, and the success further emphasizes that Fintech businesses can achieve so much more when working together.
The Pledge’s members since February 2023 include:
● AperiData, an open banking credit scoring platform
● Blackbullion, a learning platform for students
● Bud, an open banking and data intelligence platform
● Certua, a Fintech enabling financial resilience
● Data On Demand, a consumer data company
● Freetrade, a commission-free investment platform
● Gretel, a company reconnecting lost accounts and investments
● IE Hub, an income and expenditure-sharing platform
● Incredible, a credit management platform
● Incuto, a supplier of critical infrastructure to affordable finance providers
● Kalgera, a Regtech supporting vulnerable people
● Monevo, a credit platform and API
● Money Wellness, a free debt advice provider
● Octopus Money, a financial coaching platform
● OzoneAPI, an open finance provider
● Paymentology, an issuer/processor
● Plum, the smart money app
● Plend, a personal loans provider
● Policy in Practice, a social policy software and analytics company
● Salesforce, the global CRM company
● Wonderful, an instant payments provider
● Youtility, a subscription management platform