About Pillar

Pillar offers a mobile application that enables users to build and monitor their credit scores in the UK by utilizing international credit histories and providing tailored credit card options. The platform addresses the challenge faced by newcomers and credit invisibles in establishing creditworthiness, facilitating access to unsecured credit through effective financial tools.

<problem> Individuals new to the UK or with limited credit history often struggle to establish creditworthiness, hindering their access to essential financial products like credit cards and loans. Traditional credit scoring systems in the UK do not adequately account for international credit history or alternative data sources, leaving newcomers at a disadvantage. </problem> <solution> Pillar provides a mobile application and credit card designed to help individuals build and monitor their credit scores in the UK, regardless of their previous credit history. The platform leverages international credit data and Open Banking to assess creditworthiness and offer tailored credit card options. Users can track their credit scores within the app and receive personalized tips on how to improve their creditworthiness. Pillar's credit cards are designed for internationals and "credit invisibles," offering limits up to £10,000 and no overseas or ATM fees. </solution> <features> - Mobile application for building and monitoring credit scores in the UK - Credit cards designed for individuals with limited or no UK credit history - Open Banking integration to assess creditworthiness using alternative data sources - Consideration of international credit history for newcomers to the UK - In-app credit score tracking and personalized tips for improvement - Credit limits up to £10,000 - No overseas & ATM fees - Option to connect bank accounts to identify rent payments and build credit scores </features> <target_audience> The primary target audience includes individuals new to the UK, immigrants, expats, and those with limited or no established credit history in the UK. </target_audience>

What does Pillar do?

When was Pillar founded?

Pillar was founded in 2020.

How much funding has Pillar raised?

Pillar has raised 4400000.

Founded

2020

Funding

4400000

Employees

34 employees

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Pillar

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Executive Summary

hellopillar.com 3K+

Crunchbase

Founded 2020

Funding

Estimated Funding

$3M+

Team (30+)

No team information available.

Company Description

Problem

Individuals new to the UK or with limited credit history often struggle to establish creditworthiness, hindering their access to essential financial products like credit cards and loans. Traditional credit scoring systems in the UK do not adequately account for international credit history or alternative data sources, leaving newcomers at a disadvantage.

Solution

Pillar provides a mobile application and credit card designed to help individuals build and monitor their credit scores in the UK, regardless of their previous credit history. The platform leverages international credit data and Open Banking to assess creditworthiness and offer tailored credit card options. Users can track their credit scores within the app and receive personalized tips on how to improve their creditworthiness. Pillar's credit cards are designed for internationals and "credit invisibles," offering limits up to £10,000 and no overseas or ATM fees.

Features

Mobile application for building and monitoring credit scores in the UK

Credit cards designed for individuals with limited or no UK credit history

Open Banking integration to assess creditworthiness using alternative data sources

Consideration of international credit history for newcomers to the UK

In-app credit score tracking and personalized tips for improvement

Credit limits up to £10,000

No overseas & ATM fees

Option to connect bank accounts to identify rent payments and build credit scores

Target Audience

The primary target audience includes individuals new to the UK, immigrants, expats, and those with limited or no established credit history in the UK.