LOQBOX

What LOQBOX does

LOQBOX is a UK-headquartered consumer fintech that operates a subscription-based credit-building platform, founded in 2012 by Tom Eyre and Gregor Mowat in Bristol. The company's core product, Loqbox Save, issues users an interest-free loan that is repaid over twelve months while Loqbox reports each monthly repayment to all three UK credit reference agencies (Experian, Equifax, TransUnion) and the corresponding US bureaus, building the user's credit history simultaneously with a forced-savings balance. The product suite extends across Loqbox Grow (credit-funded membership), Loqbox Rent (rent payment reporting via open banking), Loqbox Learn (educational email series), Loqbox Coach (guidance), and regulated products Loqbox Credit and Loqbox Score, with Loqbox Income distributing insurance through partner Eleos Life Limited.

The business monetises through a £2.99/week UK membership subscription (with a 7-day free trial), a freemium US model with a $40 Flexi Unlock fee, partner commissions from panel banks (TSB, Santander, Axos, Stash/CIT) when users transfer savings into new accounts, credit-brokering referral revenue, and insurance referral commissions. Distribution is primarily self-serve via web and mobile app, augmented by embedded partnerships with ClearScore (routing declined credit applicants), Blackbullion (450,000+ students across 100+ UK universities), and Citizens Advice for the Gen Z 'Staircase to Adulting' campaign. The company holds FCA authorisations for credit broking and providing credit information services (FRN 694919, 678579), is PCI DSS compliant, GDPR registered, and operates through UK and Delaware entities with offices in Bristol and Providence, RI.

Name

LOQBOX

Legal name

Loqbox Technology UK Limited

Website

https://loqbox.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

101–250 employees

Short description

LOQBOX is a Bristol-headquartered fintech that helps consumers build credit history through a 12-month savings-and-repayment product reported to all three UK credit reference agencies, monetising via UK subscriptions, US Flexi Unlock fees, and partner commissions.

Ownership category

akta.pro rank

Product category

Consumer Credit Building Services

NAICS

Other Nondepository Credit Intermediation (52229), Activities Related to Credit Intermediation (5223)

SIC

Personal Credit Institutions (6141), Services-Consumer Credit Reporting, Collection Agencies (7320)

akta.pro primary industry

Alternative / Non-Traditional Credit Data Providers (FSAKAKAB)

Keywords

• Credit building services
• Consumer credit history
• Personal finance platform
• Savings and credit
• Financial education

Headquarters

HQ city

Bristol

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. Membership Subscription: UK members pay £2.99 per week for full Loqbox membership, with a 7-day free trial. The subscription provides access to credit-building tools, Loqbox Save, Loqbox Grow, Loqbox Learn, Loqbox Coach, and Loqbox Rent features.
2. Flexi Unlock Fee: US users pay $40 for Flexi Unlock to transfer savings to any account of their choice. UK users pay £30 for Flexi Unlock. After 26 weekly payments, users earn a free Flexi Unlock.
3. Partner Bank Commissions: Loqbox receives commissions from panel financial institutions when users open accounts through the free-unlock option. This allows Loqbox to offer the core service free of charge to users who choose this option.
4. Credit Broking (Loqbox Credit): Loqbox Credit is a regulated credit broking product that uses FCA permissions for credit broking activities, generating revenue through referral arrangements with lenders.
5. Loqbox Income (Insurance Partnership): Insurance service provided through partner Eleos Life Limited (FCA authorized, FRN: 998550). Loqbox receives referral or commission revenue for connecting members with insurance products.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels8 records

Core offering

LOQBOX is a credit-building membership platform that helps consumers with limited or no credit history build positive credit profiles through a savings-based loan mechanism. Members save money monthly (e.g., £2.99/week in UK or $20/month in US) via an interest-free loan that LOQBOX reports as on-time repayment activity to all three major UK and US credit reference agencies (Experian, Equifax, TransUnion). The platform combines core credit-building tools (Loqbox Save, Loqbox Grow) with rent reporting, financial education (Loqbox Learn), personalized coaching, and regulated credit-information and insurance referral services.

Product overview

Loqbox is a multi-product credit-building membership platform designed to help people build credit histories, savings, and financial confidence. The core offering is the Loqbox Membership (or Lite membership) tier system, which provides access to various credit-building tools. The primary credit-building mechanism is Loqbox Save, where users obtain an interest-free loan to fund a savings voucher and repay over 12 months while payment behavior is reported to credit bureaus (Experian, TransUnion, Equifax). Loqbox Grow enables users to pay membership fees using credit while building credit simultaneously. Additional modules include Loqbox Rent (rent payment reporting), Loqbox Coach (financial guidance), Loqbox Learn (educational content), and regulated products Loqbox Credit and Loqbox Score. The US version operates on a free membership model with optional paid Flexi Unlock. The platform integrates with major credit reference agencies, open banking providers, and offers OAuth login through Google and Facebook.

Differentiator

Problem solved

Functional benefit

Brands

• Loqbox Save: A savings and credit-building product where users save money over 12 months while building credit history, with funds held in FDIC-insured accounts.
• Loqbox Grow
• Loqbox Rent
• Loqbox Coach
• Loqbox Learn
• Loqbox Credit
• Loqbox Score
• Loqbox Income

Products and services

• Loqbox Save A 12-month savings and credit-building product where users receive an interest-free loan, save money monthly, and have repayments reported to credit bureaus (Experian, Equifax, TransUnion) to build credit history.
• Loqbox Grow Feature enabling members to pay for LOQBOX membership using a line of credit provided by Loqbox Finance UK, while simultaneously building their credit score; repayments are reported to credit reference agencies as credit-building activity.
• Loqbox Rent Product that enables users to build credit history by having their rent payments reported to credit reference agencies, using open banking to identify rent transactions.
• Loqbox Coach Personalized financial guidance and coaching service providing members with advice throughout their credit-building journey (without constituting regulated financial advice).
• Loqbox Learn Proprietary educational journey providing financial tips and information delivered via email series and the LOQBOX Members' Area, covering personal finance and credit management.
• Loqbox Credit Regulated credit broking product that uses LOQBOX's FCA credit broking permissions to refer users to lenders, generating commission revenue.
• Loqbox Score Regulated product using LOQBOX's Providing Credit Information Services permission, providing users with access to their credit score and credit report information.
• Loqbox Income Insurance service provided by partner Eleos Life Limited (FCA authorized, FRN 998550); LOQBOX earns referral/commission revenue for connecting members with insurance products.

Quantifiable outcome

• Up to 200-point credit score improvement in 12 months
• +4 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

AI capability2 records

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• BlackbullioncoreStrategic or Co-development Partner · 29 May 2026Partnership brings credit-building tools and curriculum-linked financial education to more than 450,000 students across 100+ UK universities, colleges and businesses. Blackbullion is the UK's leading student financial wellbeing ecosystem. The partnership aims to help students build stronger financial futures without taking on additional debt.
• Citizens AdvicecoreStrategic or Co-development Partner · 20 April 2026Loqbox partnered with Citizens Advice to address the financial education gap affecting Gen Z. The 'Staircase to Adulting' campaign at the Museum of Liverpool highlighted practical steps young people can take to build credit. Joint research revealed that 65% of Gen Z adults say money is harming their mental health, with 64% wishing they had learned more about finances before leaving home.
• ClearScorecoreGTM or Marketing Partner · 11 September 2025Loqbox expanded its partnership with ClearScore to embed credit-building support for users declined for credit. When a user is declined, they are immediately offered Loqbox as an alternative to help build their credit profile and improve eligibility for future products.
• Eleos Life LimitedminorGTM or Marketing PartnerPartner for Loqbox Income insurance service. Eleos Life Limited is FCA authorized (FRN: 998550) and provides insurance products to Loqbox members. Loqbox does not select or finalise insurance contracts but earns referral revenue.
• TSBminorGTM or Marketing PartnerTSB is one of the panel banks that Loqbox works with for the free-unlock option. When users choose to unlock their savings into a new account, they can open an account with TSB, with Loqbox receiving a commission.
• SantanderminorGTM or Marketing PartnerSantander is one of the panel banks that Loqbox works with for the free-unlock option. When users choose to unlock their savings into a new account, they can open an account with Santander, with Loqbox receiving a commission.
• Credit Reference Agencies (Experian, Equifax, TransUnion)coreTechnology or IntegrationLoqbox reports member repayment activity to all three UK credit reference agencies (Experian, Equifax, TransUnion) and US bureaus (Equifax, TransUnion, Experian). This enables members to build credit history across the credit ecosystem. Loqbox was one of the first to join the Experian Rent Exchange.
• Credit Information Governance Body (CIGB)coreOthersSelf-regulatory body created to supervise the UK credit information market. Loqbox CRO Tim Porter was appointed as a Director. CIGB is responsible for delivering industry-led remedies from the FCA's Credit Information Market Study including common data formats, streamlined access to credit reports, and improved disputes processes.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Self (formerly Self Lender): Self operates a near-identical credit-building model in the US: small installment loans are taken by users, repayment is reported to credit bureaus, and principal is returned at the end of the term. It is the closest direct competitor to Loqbox's core Save product.
• CreditStrong: CreditStrong offers savings-secured and installment-loan-based credit-building products that report to all three US bureaus. Its product construct and target thin-file borrower closely mirror Loqbox Save and Loqbox Grow.
• Kikoff: Kikoff is a US credit-building subscription service targeting thin-file consumers, combining a revolving credit line with bureau reporting. It is a direct emerging competitor to Loqbox in the credit-building-as-subscription category.
• Cheese: Cheese is a US rent-reporting credit-building fintech that reports on-time rent payments to bureaus. It overlaps directly with Loqbox Rent and shares the same thin-file borrower target.

Broad incumbents

• Credit Karma: Credit Karma (Intuit) provides free credit scores, monitoring, and lending marketplaces to thin-file consumers. It is a much larger incumbent offering overlapping credit-building guidance, financial education, and lender referrals that compete for the same user attention.
• Experian: Experian is one of the three UK and US credit reference agencies to which Loqbox reports. As a bureau, it is both a critical infrastructure partner and a potential competitor through its own credit-monitoring and marketplace products.
• MoneyLion: MoneyLion is a US consumer fintech offering credit-building products, credit monitoring, and lending within a subscription wrapper. Its bundled model competes for the same thin-file borrower wallet share Loqbox targets in the US.
• TransUnion: TransUnion is one of the three global credit bureaus to which Loqbox reports. It operates an adjacent credit-information and consumer-monitoring business and could expand into credit-building rails that compete with Loqbox.

Emerging players

• ClearScore: ClearScore is a UK credit marketplace that is simultaneously Loqbox's largest distribution partner and a partial competitor — it also surfaces credit-building tools to declined applicants and could expand its own offering to disintermediate Loqbox.
• Zogo: Zogo is a financial education platform that integrates with banks and student platforms to deliver bite-sized financial literacy. It overlaps with Loqbox Learn and is embedded through similar university channels (including some shared with Blackbullion).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/loqbox
• YouTubeyoutube.com/channel/UC0iLqrWUghfBcUKFnEAiDuA
• Facebookfacebook.com/loqbox
• LinkedInlinkedin.com/company/loqbox
• Instagraminstagram.com/loqbox
• TikToktiktok.com/@loqbox

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries4 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LOQBOX