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Finance app partnership

Fintech company Pariti, founded by alumnus of Postgraduate Diploma in Entrepreneurship programme at Cambridge Judge, announces partnership with loan provider Zopa.2016_news_financeapppartnership-883x432

Pariti CEO, Matthew Ford, who founded the London-based fintech company in 2014, attended the PGDE programme, delivered by the School’s Entrepreneurship Centre, in 2014-15. The company has announced a new partnership with loan provider Zopa to help consumers pay off credit cards. Pariti, which now has 70,000 users, is backed by European venture capital investors including Index Ventures.

The partnership with Zopa follows authorisation by the UK Financial Conduct Authority for Pariti to receive credit reference agency and credit broking permissions. Pariti aims to help people avoid financial difficulty by combining detailed financial transaction data with behavioural analytics in order to take a view of a user’s financial health and likely future finance requirements.

Pariti’s app connects to a user’s bank account, analyses their spending and helps them set a target for improvement – in order to deliver relevant low-cost financial products through partners such as Zopa. The Zopa partnership allows Pariti users to find out if they could pay less for their debt without affecting their credit score. Pariti’s iOS app is already available, and an Android version will be launched in the fourth quarter of this year.