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Pave

A new way to build credit

Pave logo
21-100 employees
  • Fintech
  • Credit Scoring
  • Lending
Farringdon, London, UK

Company mission

Our financial system pushes you into more debt, instead of giving you the tools you need to build good credit. At Pave, we help you take the best actions for your credit health and pay your bills on time. We are putting a stop to financial inequality that is spreading in our society by building the world’s best credit builder. Pave is backed by early investors in N26 and the founders of Monzo and Indeed.

Top investors

44% female employees

6% employee growth in 12 months

Our take

Existing credit score building products like credit cards are generic, ineffective and come with hidden fees and debt. Pave offers a new way to build credit health through a simple subscription fee.

They've grown their revenue by 7x in the last six months, and expect to 10x in 2021. With an NPS of 72 they've improved credit scores to save their customers thousands of £s in interest and fees.

They are one of the fastest growing D2C fintechs in the UK by revenue, with highly profitable unit economics. They argue their mission is more important than ever, as the number of individuals excluded from mainstream financial services has grown 4x faster than all other segments since the 2008 crisis, and is expected to grow further in the wake of Covid-19.

Freddie headshot

Freddie

Company Specialist at Welcome to the Jungle

Benefits

  • Learning & development budget
  • ClassPass membership
  • Season ticket loan and cycle to work scheme
  • 28 days holiday (excl. bank holidays)
  • Work from home opportunities
  • Health insurance

Company values

  • Members first
  • Right side of history
  • High trust
  • Master our craft
  • Obligation to dissent

Funding (2 rounds)

Dec 2019

$8.9m

SERIES A

Nov 2018

$1.7m

SEED

Total funding: $10.6m

This company has top investors

Leadership

Started career in social sector (financial inclusion) before starting Pave.

People progressing

Joined as a Product Manager, promoted to Senior Product Manager after seven months, and Product Director seven months after that.

Joined as a Digital Communications Manager, promoted to Senior Organic Growth Manager after 11 months.

Diversity, Equity & Inclusion at Pave

Sho Sugihara headshot

Sho Sugihara (CEO)

  • We don't think it would be genuine to claim to solve financial inequality, and then reinforce a different kind of inequality through biased hiring practices. You can find some of the D&I initatives we've taken to mitigate this on our careers page: https://www.paveapp.com/jobs.
  • Our Board has a female majority
  • 12+ nationalities represented on our team
  • 30%+ of our team identify as BAME

Endorsements

All

Meaningful work (2)

Nice people (2)

Intelligent people (2)

Inspiring mission (2)

Challenging work (1)

Autonomy (1)

Open and honest communication (1)

Flexible working (1)

Team energy (1)

Focus on employee wellbeing (1)

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