a year ago

UK Fintech Incredible Raises $1 Million to Help Users Manage Credit Card Debt

  • Incredible, a UK-based fintech using open banking to help users manage credit card debt more efficiently, has raised $1 million in a pre-seed round

  • Investors include former Plaid executive Keith Grose and active angel investor Mark Ransford

  • Incredible uses AI to analyze user financial data and automate payments through Variable Recurring Payments (VRPs)

  • The company, founded in 2022, is targeting time-poor millennials and has over 1,500 customers

  • It plans to expand beyond credit card management to include personal loans and car finance.

      • ProblemFinancial Services

      "Millennials are busy and struggle to manage their credit card debt across multiple cards and loans."

      Solution

      "Incredible uses open banking and AI to analyze a user's financial data, determine the ideal monthly repayment amount, and then uses Variable Recurring Payments (VRPs) to make payments automatically."

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