SuperFi is a financial application that consolidates users' bills and credit commitments into one platform, utilizing secure Open Banking technology to track payments and send reminders. It addresses the challenges of managing monthly expenses by providing tools for bill management, debt prevention, and access to government benefits, helping users improve their financial health.
Funding
$988K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
FBFounders
Product
Problem
Many individuals struggle to manage their finances effectively due to the complexity of tracking multiple bills, credit commitments, and payment deadlines across various platforms. This disorganization can lead to missed payments, late fees, and difficulty in accessing available government benefits.
Solution
SuperFi is a financial management application that consolidates a user's bills, credit commitments, and subscriptions into a single, unified platform. By leveraging secure Open Banking technology, SuperFi automatically tracks and monitors bills, sends timely reminders, and facilitates direct payments within the app. The platform also helps users identify opportunities to reduce expenses by switching to cheaper alternatives or canceling unused subscriptions, and it assists in discovering and applying for eligible government benefits. SuperFi partners with debt advice services to provide users with access to specialist support when needed and rewards users for paying bills on time.
Target Audience
SuperFi primarily targets individuals who struggle with managing their monthly bills and credit commitments, particularly those seeking to improve their financial health, avoid debt, and access available government benefits.
Features
- Automated bill tracking and monitoring across connected bank accounts, credit cards, and Buy-Now-Pay-Later services
- Customizable payment reminders and due date notifications to prevent missed payments
- Direct payment functionality for credit card bills within the app
- Identification of potential cost savings through subscription cancellations and switching to cheaper alternatives
- Discovery and application assistance for available government benefits
- Integration with StepChange for access to specialist debt advice
- Cashback rewards for on-time bill payments at participating brands
- Personal bill nudges to avoid falling behind on payments
- Option to automatically allocate spare change towards paying off credit card debt