BBVA and Anthemis Invest in UK Gig Economy Fintech Wollit

Spanish bank BBVA and leading UK venture capital firm Anthemis have announced a joint seed investment of £1 million in UK fintech Wollit; Wollit, which is set to go live this summer, is addressing the uncertainty over earnings that many gig economy workers face; they will offer a £9.99 monthly subscription product called Income Promise which, as the name implies, promise workers a consistent pay; it does this by guaranteeing a top-up for cash constrained users (up to £500) using open banking technology to both automate payments and to calculate a credit limit; users can then repay the loan interest free when their income improves; CEO Liad Shababo said, “With this, we set to end their monthly gamble of feast or famine and provide a safer, more sustainable option than the short-term, risky alternatives”. Sifted

  • With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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