Our inaugural product is a prize-linked money account.
This is designed for your everyday saving, i.e. for short-term saving goals. For instance you might want to save to buy a car, get married or go on holiday, to set an emergency fund, to repay your loans, for home improvements, etc.
This is not a savings account provided by a bank. It is an e-money account provided by Modulr FS Limited under its EMI licence.
The EverUp money account does not pay any interest or dividends.
In the near future, we also plan to add prize-linked saving accounts (easy access and notice).
This offering will be designed for your longer-term saving goals.
These accounts will be provided in partnership with third-party UK banks*, where your money will be held.
*subject to successful agreements with third-party UK banks
Our inaugural product is a prize-linked money account.
This is designed for your everyday saving, i.e. for short-term saving goals. For instance you might want to save to buy a car, get married or go on holiday, to set an emergency fund, to repay your loans, for home improvements, etc.
This is not a savings account provided by a bank. It is an e-money account provided by Modulr FS Limited under its EMI licence.
The EverUp money account does not pay any interest or dividends.
In the near future, we also plan to add prize-linked saving accounts (easy access and notice).
This offering is designed for your longer-term saving goals.
These accounts will be provided in partnership with third-party UK banks, where your money will be held.
*subject to successful agreement with third-party UK banks
Our vision is to become a financial behaviour change platform, whose purpose is to help our customers manage their financial health by saving more, borrowing responsibly and repaying debt faster. This is to help borrowers slowly transition into savers and in doing so improving their retirement outlook.
We envision building a full-scale financial hub where our customers can manage all types of financial transactions – from savings to take out personal loans, while being rewarded for solidifying good financial behaviour through a novel prize-linked suite of savings and borrowing products.
We want to rethink savings and borrowing from the ground up to create fairer and better products, and nudge changes in people’s financial behaviour by using a mix of behavioural interventions and financial incentives.
We’d love to hear your feedback: let us know what you would like to see in EverUp.
Let’s build EverUp together!
