The Credit Thing

The Credit Thing is a UK-based startup that aims to revolutionize the credit market. Founded in 2018, the company offers a unique combination of neobank, e-money account, and credit card features, providing users with a convenient and simplified credit experience. The company's mission is to streamline the credit acquisition process, leveraging Open Banking to assess individual credit eligibility without the need for extensive documentation or lengthy application procedures. The Credit Thing caters to a broad audience, including individuals looking to build their credit history, newcomers to credit or the UK, and those seeking an alternative to traditional banking services. With a representative APR of 27.9% (variable) and credit subject to status, the company positions itself as an inclusive and innovative player in the market. In April 2022, The Credit Thing received a Seed Round investment from SID Venture Partners, signaling the confidence of investors in the company's vision to disrupt the financial services, fintech, and payments industries. As the company continues to challenge the status quo with its "credit revolution," it remains poised for growth and further advancements in reshaping the credit landscape in the UK.