2 years ago

SuperFi Raises €900k to Help People Cope with Cost of Living Crisis

  • SuperFi, a London-based debt prevention platform, has raised €900k in pre-seed funding led by Ascension and Fair By Design

  • The funding will be used to support authorization via the FCA’s innovation sandbox and launch partnerships with London boroughs

  • SuperFi aims to help people manage their debt before it becomes a crisis, and has received grant funding from the Greater London Authority to prototype and test its platform with Councils and Housing Associations across London.

      • ProblemFinancial Services

      "Millions of people in the UK are struggling to pay their bills and credit commitments, but they are not yet in arrears and therefore not eligible for formal debt solutions. This leads to a significant amount of unsecured debt and potential financial hardship."

      Solution

      "SuperFi provides a platform that helps users manage their debt proactively by providing an overview of their debts, analyzing their financial and personal circumstances, and offering access to suitable debt prevention tools and services. This helps users stay on top of their monthly bills and credit commitments, preventing them from falling into problem debt."

      Covered on