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