Moneyboat
Moneyboat is a UK-based FCA-authorised direct online lender offering short-term instalment loans of £200-£1,500 over 2-6 months to UK consumers, with automated underwriting, Open Banking data, and 15-minute fund disbursement.
- Company typePrivate
- Founded2012
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2C
- OfferingServices
Moneyboat firmographics
Firmographics- Name
- Moneyboat
- Legal name
- Evergreen Finance London Limited
- Website
- https://moneyboat.co.uk
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Moneyboat is a UK-based FCA-authorised direct online lender offering short-term instalment loans of £200-£1,500 over 2-6 months to UK consumers, with automated underwriting, Open Banking data, and 15-minute fund disbursement.
- Ownership category
- akta.pro rank
Moneyboat industry classification
Industry- Product category
- Short-term Consumer Lending
- SIC
- Personal Credit Institutions (6141)
- akta.pro primary industry
- Small-Dollar Short-Term Installment Loans (Non-payday) (FSAKAMAI)
- akta.pro secondary industries
- Emergency & Short-Term Installment Personal Loans (Unsecured) (FSAKAAAH), Bridge Loans & Emergency Short-Term Credit (FSAKAMAJ)
Keywords
Where Moneyboat is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
Moneyboat business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Others
Revenue model
- Short-term Loan Interest: Revenue generated from interest charged on short-term loans. Daily interest rate of 0.79% applied to outstanding balance, resulting in Representative APR of 1,267.9%. Interest is calculated daily and only on remaining balance.
- Late Payment Fees: Late payment fee of £15.00 charged when repayment is not made within three days of scheduled repayment date. Additional interest accrues on outstanding amounts at the daily rate.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | New Customer Loan: £200-£800, repayable over 2-6 months |
| Unit Pricing | Pay-as-you-go | Returning Customer Loan: £200-£1,500, repayable over 2-6 months |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Moneyboat product offering
Product offeringCore offering
Moneyboat is a UK-based direct lender that provides short-term instalment loans of £200–£1,500, repayable over 2–6 months, with same-day funding to approved customers. Operating under the trading name Evergreen Finance London Limited, the company assesses affordability using credit checks and Open Banking transaction data, and disburses funds directly to customers' UK bank accounts within 15 minutes of approval. The offering targets UK consumers needing fast, short-term financing for unexpected expenses such as car repairs, emergency bills, dental care, and vet bills.
Product overview
Moneyboat is a UK direct lender offering short-term loans as its core product, operating under the trading name Evergreen Finance London Limited. The primary product is a flexible short-term loan ranging from £200 to £1,500 with repayment periods of 2-6 months. The offering is structured around the core short-term/instalment loan product, which is then marketed under various sub-brands addressing specific use cases (emergency loans, bad credit loans, same day loans), loan durations (3-month, 6-month), and specific loan amounts (£200-£800 for new customers, up to £1,500 for returning customers). Purpose-specific variants include car repair loans, vet bill loans, white goods loans, and bill payment loans. The company also positions itself as an alternative to payday loans and competitors like Wonga and QuickQuid, emphasizing responsible lending practices and FCA regulation.
Differentiator
Problem solved
Functional benefit
Products and services
- Short-term Instalment Loans Core short-term loan product offering £200–£800 for new customers and up to £1,500 for returning customers, repayable in instalments over 2–6 months. Features a daily interest rate of 0.79% (Representative 1,267.9% APR), 15-minute funding on approval, weekly or monthly repayment options, and no early repayment fees. Open to UK residents aged 18+ with regular income of at least £1,000 and a UK bank account.
- Emergency Loans Short-term loan positioned for borrowers facing unexpected costs such as emergency home repairs, surprise bills, car breakdowns, broken appliances, emergency dental care, or vet bills. Underwritten using the same automated affordability and Open Banking process as the core loan, with funds available within 15 minutes of approval.
- Bad Credit Loans Short-term loan product for UK consumers with less-than-perfect credit histories. Applications are assessed on multiple factors including income and affordability, not solely on credit score, making it accessible to applicants who may have been declined elsewhere.
- Same Day Loans Short-term loan processed and approved on the same day, with funds available within 15 minutes of approval through Moneyboat's payment issuer Modulr. Designed for borrowers needing immediate same-day access to cash for urgent expenses.
Quantifiable outcome
- 73% of UK adults struggle to save due to rising living costs; 63% have applied for credit in the last two years
Companies that use Moneyboat
Customer profileSegments2 records
Ideal customer profiles2 records
Moneyboat technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature4 records
Moneyboat partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- ModulrcoreModulr is Moneyboat's payment infrastructure partner enabling their 15-minute funding capability. Through Modulr's issuer services, Moneyboat can release funds to approved customers every 15 minutes, providing fast access to cash that distinguishes their lending service.
- BudcoreBud is Moneyboat's Open Banking partner, providing the infrastructure for customers to securely share their banking transaction data during the loan application process. This enables streamlined affordability assessments without requiring document uploads.
- TransUnioncoreTransUnion is one of the three main UK credit reference agencies that Moneyboat uses to access applicant credit information, verify identity, and assess creditworthiness as part of their responsible lending process.
- EquifaxcoreEquifax is one of the three main UK credit reference agencies used by Moneyboat for credit checks, identity verification, and affordability assessments during the loan application process.
- ExperiancoreExperian is one of the three main UK credit reference agencies used by Moneyboat for credit checks, identity verification, and affordability assessments during the loan application process.
Scale indicators2 records
Recent moves5 records
Expansion highlights4 records
Moneyboat competitors and assessment
Company assessmentDirect peers
- Satsuma Loans: UK FCA-authorized direct lender offering short-term installment loans to consumers, including subprime borrowers. Direct competitor to Moneyboat with very similar product structure (small-balance, multi-month repayment) and target customer base.
- Dot Dot Loans: UK-based direct short-term lender offering installment loans to consumers with flexible repayment terms. Closely mirrors Moneyboat's product, online application flow, and target subprime / emergency-expense customer segment.
- 118 118 Money: UK FCA-authorized direct lender offering short-term and installment loans to near-prime and subprime consumers. Competes head-to-head with Moneyboat in the same regulated small-balance consumer credit category.
- Oakam: UK-based alternative consumer lender focused on subprime and thin-file borrowers, with installment loan products and a digital application journey. Highly comparable in customer profile, product, and regulatory positioning to Moneyboat.
- WageDay Advance: UK FCA-authorized direct lender providing short-term and installment loans to working consumers. Operates in the same regulatory and product category as Moneyboat, including bad-credit applicants.
- Likely Loans: UK online short-term installment lender targeting consumers with poor credit and irregular income. Overlaps directly with Moneyboat's product, customer segment, and digital distribution model.
- TFS Loans: UK FCA-regulated direct lender offering short-term and installment loans, with focus on consumers turned down by mainstream banks. Comparable product, pricing band, and target borrower as Moneyboat.
- Sunny Loans: UK-based short-term installment lender (part of the Elevate Credit group historically) offering loans to subprime consumers with flexible repayment. Direct overlap with Moneyboat on product, audience, and digital go-to-market.
Broad incumbents
- Provident Financial: Long-established UK consumer credit provider offering home-collected credit, online loans, and Vanquis credit cards to non-prime borrowers. A much larger incumbent competing in the broader subprime consumer credit space, with overlapping customer types but a wider product portfolio.
Emerging players
- Amigo Loans: UK guarantor and short-term lender that has faced significant FCA redress scrutiny and restructuring. Competes in the same subprime consumer credit market as Moneyboat, with overlapping product and customer segments, though its current scale and product mix are evolving post-restructuring.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Moneyboat social profiles
Digital presenceMoneyboat compliance and trust
Trust signalCompliance4 records
Moneyboat financial estimates
Financial estimateRevenue estimate
Valuation estimate
Moneyboat leadership team
Management profileNumber of profiles
Moneyboat funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Moneyboat M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Moneyboat
What does Moneyboat do?
Moneyboat is a UK-based direct lender that provides short-term instalment loans of £200–£1,500, repayable over 2–6 months, with same-day funding to approved customers. Operating under the trading name Evergreen Finance London Limited, the company assesses affordability using credit checks and Open Banking transaction data, and disburses funds directly to customers' UK bank accounts within 15 minutes of approval. The offering targets UK consumers needing fast, short-term financing for unexpected expenses such as car repairs, emergency bills, dental care, and vet bills.
Is Moneyboat a public or private company?
Moneyboat is a private company. It is classified as unknown and is currently operating.
When was Moneyboat founded?
Moneyboat was founded in 2012. It employs 11 to 50 people.
Where is Moneyboat based?
Moneyboat is headquartered in London, United Kingdom, in the Europe region.
How does Moneyboat make money?
Two revenue lines are on record. Short-term Loan Interest is the primary driver. The others are late Payment Fees.
Who are Moneyboat's main competitors?
Direct peers on record are Satsuma Loans, Dot Dot Loans, 118 118 Money, Oakam, WageDay Advance, Likely Loans, TFS Loans and Sunny Loans. Provident Financial is listed as a broad incumbent. Amigo Loans is listed as an emerging player.
Does Moneyboat have an API?
No public API is recorded for Moneyboat.
What industry is Moneyboat in?
Moneyboat's product category is Short-term Consumer Lending. Its primary akta.pro industry code is FSAKAMAI, Small-Dollar Short-Term Installment Loans (Non-payday), with a secondary code of FSAKAAAH, Emergency & Short-Term Installment Personal Loans (Unsecured). Its SIC code is 6141.