Wollit (Credit for shift workers+Open Banking)

Wollit (Credit for shift workers+Open Banking)
Description:

Wollit analyses the bank account data of workers with irregular income e.g. freelancers, shift workers, etc. using Open Banking Account Information Services (AIS).

With the access, Wollit estimates a worker’s average monthly income and offers to top up the balance whenever they earn less than that average monthly amount. The company charges a monthly subscription fee, but the loans are interest free.

Phase:
Live
Industry:
Consumer credit
Niche:
Credit for shift workers, part timers,zero-hour staff, gig workers & freelancers