Pave
A new way to build credit
- 21-100 employees
- Fintech
- Credit Scoring
- Lending
- Farringdon, London, UK
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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.
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
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
Funding (2 rounds)
Dec 2019
$8.9m
SERIES A
Nov 2018
$1.7m
SEED
Total funding: $10.5m
This company has top investors
Leadership
Sho Sugihara
(CEO)Started career in social sector (financial inclusion) before starting Pave.