TotallyMoney

🎉 TotallyMoney now has five million customers! 🎉 👏 Thank you, and congratulations to everybody in our team who remains committed to creating a financial app for the under-served, and to helping our customers unlock a life of more choices. 🔓 🚀 Here's to the next five million, and beyond! 🪐

As part of our Black History Month celebrations, we’ve looked around for local Black-owned businesses to support, not just during the month, but year round. And last week, we took a trip down to Merkamo Ethiopian in Old Spitalfields Market. For a lot of us, this was our first time eating Ethiopian food and it won’t be the last! Here's Eliot and Amna about to tuck in.

A good credit score can be key to finding the best loans — but just how much of an impact does it have? Our recent research, covered by The Express, shows that for the typical £5,000 loan, somebody with a poor credit score could pay an extra £6,670 in interest over 36 months, when compared to somebody with an ‘excellent’ credit score. And on top of that, the FCA’s Financial Lives Survey found that 31% of personal loan applications are declined. With the TotallyMoney app, we’re helping customers improve their credit score with personalised plans, avoid rejection with TotallySure, and unlock more personalised offers through open banking lender integrations. https://lnkd.in/eCBZ4N3K

Not content with being the TotallyMoney Giant Jenga champion (try saying that three times fast), our very own Amna has become a qualified accountant with the ACCA! This is no small feat. She completed 13 exams, 9 performance objectives and 36 months of work experience. With this, we’re proud to also announce her promotion to Management Accountant! We’re excited to see Amna grow with her newfound responsibilities and the impact she’ll make at TotallyMoney. Please join us in congratulating Amna below. Congratulations, Amna!🎉

Today is Indian Independence Day and we celebrated at TotallyMoney with a pot luck lunch (which is becoming something of a tradition) 🥘 Thanks to all our team chefs who took part in putting together a great spread for us! As part of our South Asian Heritage Month celebrations, we also heard this morning from Chet Hindocha about Indians in Uganda, and we’ll be having a takeover of our Thursday evening playlist and drinks later today. (As well as trying to find a bit of room to squeeze in some gulab jamun) 😋

As part of our partnership with CarFinance247, we’ve launched a £10,000 prize draw for eligible customers — and it’s now live in our app!

At TotallyMoney, we’re building a fairer financial world for everyone, which includes both our staff and customers. And so, we’re happy to share that we’ve been recognised as an accredited Living Wage Employer — committed to paying everybody in the team a real living wage.

We're excited to announce that eligible TotallyMoney customers will now be able to access personalised secured loans through our new, exclusive partner, Aro Finance Limited.

With 23 million adults now struggling to access mainstream financial products and services, TotallyMoney customers can now connect an account via open banking to find out what’s impacting their affordability. And we’ve designed personalised plans, so you can see what factors need work, and which ones are going well. That way you can get on track and increase your chances of acceptance.

Today, we announced the launch of our brand-new affordability insights feature. We've designed it so customers can gain a better understanding of where they stand, and improve their chances of being accepted for credit. More on this from Alastair Douglas, below!