09 October 2023

UK fintech Wagestream snaps up credit card challenger Keebo

Written By FinTech Alliance in FinTech

UK fintech Wagestream snaps up credit card challenger Keebo

Financial wellbeing app Wagestream is set to acquire Keebo, a London-based credit card challenger built for “credit invisibles”, for an undisclosed sum.

In brief:

-Wagestream says the deal will support its push to improve the financial wellbeing of shift and frontline workers in the UK.

-Following the acquisition, Wagestream Group will absorb Keebo’s product, technology and staff, including CEO and founder, Michael Vanaselja.

-Founded in 2019, Keebo applies open banking data in its credit decisioning process, enabling it to lend to those with thin or limited credit histories.

What does this mean?

Peter Briffett, CEO and co-founder of Wagestream, claims many of the UK’s frontline workforce are “locked out of fairer financial services because of low credit scores. By offering Wagestream, more than 1,000 employers now subsidise fairer financial services for their people, and, soon, help with building up a better credit history will be yet another benefit they can offer,” 

Read more here.

Up Next ...
12 November 2024

Paymentology Announces Strategic Partnership with Zand Bank to Accelerate Fintech Growth in the UAE

This collaboration focuses on expanding financial services for fintech's and startups, aiming to accelerate innovation and growth in the UAE.

12 November 2024

Mirakl and Mangopay Announce Strategic Partnership to Accelerate Growth of European Marketplaces with Mirakl Payout

Mirakl Payout integrates Mangopay’s e-wallet technology and know-your-business (KYB) capabilities, enhancing marketplace payouts.

12 November 2024

Agicap, all-in-one treasury management platform, announces €45m Series C funding round led by AVP

Agicap has emerged as the leading treasury management platform for SMB and midmarket companies, the driving force of the UK economy

11 November 2024

Cryptocurrency exchange Bitbank establishes “Bitbank Ventures”

Bitbank has launched Bitbank Ventures, a wholly owned subsidiary aimed ...

More in FinTech

Paymentology Announces Strategic Partnership with Zand Bank to Accelerate Fintech Growth in the UAE

12 November 2024

This collaboration focuses on expanding financial services for fintech's and startups, aiming to accelerate innovation and growth in the UAE.

Mirakl and Mangopay Announce Strategic Partnership to Accelerate Growth of European Marketplaces with Mirakl Payout

12 November 2024

Mirakl Payout integrates Mangopay’s e-wallet technology and know-your-business (KYB) capabilities, enhancing marketplace payouts.

Agicap, all-in-one treasury management platform, announces €45m Series C funding round led by AVP

12 November 2024

Agicap has emerged as the leading treasury management platform for SMB and midmarket companies, the driving force of the UK economy

Cryptocurrency exchange Bitbank establishes “Bitbank Ventures”

11 November 2024

Bitbank has launched Bitbank Ventures, a wholly owned subsidiary aimed ...

White Papers FinTech

Open Finance in Review: Looking back at 2023

28 November 2023

In this insightful report, OzoneAPI delve into the pivotal developments that have shaped the landsca...

White Papers FinTech

Fintech 2030: The Industry View

02 October 2023

Key findings from the report:Embedded finance is expected to dominate the industry in 10 yearsThere...

White Papers FinTech

Pulse of Fintech H2 2022 report

27 July 2023

UK FinTech investment falls 56% to £14.42bn in 2022After an incredibly strong 2021, with total FinTe...

White Papers FinTech

The Rise and Impact of Fintech in Latin America

29 June 2023

Fintech also provides tools to help manage these risks. Financial authorities and their supervisees...

FinTech Connect 2024 - The Global FinTech Ecosystem . Connected.

FinTech Connect 2024 - The Global FinTech Ecosystem . Connected.

04 December 2024 - 05 December 2024

12:00 AM - 12:00 AM

ExCel London, Western Gateway, Royal Victoria Dock, London, London, E16 1XL

Free
Finnovate Europe

Finnovate Europe

25 February 2025

12:00 AM - 12:00 AM

InterContinental London - The O2, 1 Waterview Drive, London, Greenwich, SE10 0TW

£1,699.00