Tully: against COVID-19 ^Company

Entity: Tully

Category: FinTech and Digital Economy

Description: Tully is free for consumers and created to improve financial education and make it easier for people to manage their money and repay debts faster. Tully uses new Open Banking technology to give people a holistic picture of their financial position in minutes – all done online and completely free. Every user receives a personalised financial plan, tailored advice and for those in more severe difficulty, the option to choose a flexible debt repayment plan that adjusts to the user’s financial situation every month.

Project: COVID-19 Relief and Wellbeing Network

Summary: The UK-based financial management app operated by open banking provider OpenWrks has launched a new initiative to help Brits get access to payment relief, aiming to reach two million of these people in the first eight weeks of launch. Called the COVID-19 Relief and Wellbeing Network, it is a “free to consumer” digital outsourcing service to help companies register and validate customers who apply for financial relief. Tully has launched this national network to help anyone who has been financially impacted by the Coronavirus crisis get the payment relief they need from their lenders and service providers. Tully is working with businesses to take the strain off their call centres and instead give their customers a quick and easy way to register for relief online. Powered by their technical providers Microsoft, Mailchimp and Intercom, and supported by industry partners ClearScore, FICO and Accenture. Tully launched the project in April 2019 to help the UK’s consumer debt problem: specifically the 23 million people in who are worried about money. Tully uses Open Banking technology to give people a fast, accurate, realistic picture of their financial position in minutes – all done online and completely free.

+ Investors:

Blenheim Chalcot