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Keebo brings financial inclusion to credit invisibles

Wednesday 26 January 2022 10:39 CET | News

UK-based challenger credit card company Keebo has announced its beta launch with Mastercard, making use of Open Banking to increase access to credit.

The beta launch will allow people to download an app and apply for a credit card. Keebo will be building a personalised credit future, giving people insight into how every action and transaction they make on their Keebo card and connected accounts, helps them to build their credit. By operating on an open and transparent basis, the company can augment customers build a positive relationship with credit.

Nearly 5.2 million people in the UK are invisible to the established financial system with no financial track record for lenders to make informed decisions, according to the press release. These ‘credit invisibles’ find it difficult to access mainstream financial services or have to pay a premium to do so, says Keebo.


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Keywords: credit card, credit scoring, product launch, financial institutions, Open Banking, Mastercard
Categories: Banking & Fintech
Companies:
Countries: United Kingdom
This article is part of category

Banking & Fintech