Wollit
Founded Year
2016Stage
Seed VC | AliveTotal Raised
$1.3MLast Raised
$1.3M | 4 yrs agoAbout Wollit
Wollit is a financial technology company that focuses on credit building. The company offers a credit building plan that allows customers to make monthly payments, which are reported to credit agencies as loan repayments, thereby helping to build a positive credit history. Wollit primarily serves individuals seeking to improve their credit scores. It was founded in 2016 and is based in London, England.
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Research containing Wollit
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Wollit in 1 CB Insights research brief, most recently on Mar 9, 2022.
Expert Collections containing Wollit
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Wollit is included in 2 Expert Collections, including Gig Economy Value Chain.
Gig Economy Value Chain
155 items
Startups in this collection are leveraging technology to provide financial services and HR offerings to the gig economy industry
Fintech
12,502 items
Excludes US-based companies
Latest Wollit News
Dec 14, 2022
22 fintechs have now joined Zopa’s 2025 Fintech Pledge to help tackle the cost of living crisis, with at least 15 more members in the pipeline. Blue Motor Finance, Canopy, Open Banking Excellence, PayPlan, Penny, Plaid, StepChange, Tink, The Financial Inclusion Alliance, and Wollit have now signed up to the coalition, and more members are set to be announced in the new year. The pledge aims to drive 10 million consumer actions by 2025 that will help to build up the financial resilience of UK customers. These actions focus on four key pillars: making savings work harder; improving credit scores; consolidating debt; and lowering utility bills. More than one million actions have been reported since the Fintech Pledge was launched by Zopa Bank and ClearScore in September 2022. “Financial concerns are impacting more people than ever due to inflation and increasing interest rates,” said Jaidev Janardana, chief executive of Zopa Bank. “Launching the pledge was a natural step for us, as the ethos of driving better financial outcomes for customers has always been in our DNA, but it has been fantastic to see so many fintechs and allies embrace it too. “As we get ready to roll out our first set of 2023 consumer partnerships, I actively encourage members of the UK fintech ecosystem to help UK consumers weather this financial shock by joining the pledge.”
Wollit Frequently Asked Questions (FAQ)
When was Wollit founded?
Wollit was founded in 2016.
Where is Wollit's headquarters?
Wollit's headquarters is located at 2nd Floor, Argyle Works, London.
What is Wollit's latest funding round?
Wollit's latest funding round is Seed VC.
How much did Wollit raise?
Wollit raised a total of $1.3M.
Who are the investors of Wollit?
Investors of Wollit include Plug and Play Ventures, BBVA and Anthemis.
Who are Wollit's competitors?
Competitors of Wollit include SteadyPay and 7 more.
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Compare Wollit to Competitors
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DailyPay provides a payroll management platform. It offers services to employees for paying bills on time and avoiding late fees, helping them reach financial goals. The company allows employees access to manage wages across a wide range of industries, including cleaning, healthcare, retail, transportation, and more. It was formally known as Beach HoldCo. It was founded in 2015 and is based in New York, New York.
FlexWage Solutions is a company that focuses on financial wellness and pay solutions in the financial services industry. The company offers services such as early access to earned wages, instant deposit of tips on a pay card, and replacement of paper paychecks with instant access on payday. These services primarily cater to the needs of employers and their employees. It is based in Mountainside, New Jersey.
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