What FACIIT LIMITED does

Faciit Technologies Limited operates a UK consumer lending platform built around a Save-to-Borrow model. The company targets UK residents with limited or no traditional credit history, who must be at least 21 years old, hold a UK bank account with Open Banking access for a minimum of three months, and have been resident in the UK for at least six months. Within the Faciit mobile application (available on iOS and Android) and website, users set a financial goal, open a Faciit Wallet e-money account, and save one-third of the goal amount over a minimum three-month period. They are then matched by Faciit with a Lending Partner from its panel who provides the remaining two-thirds as a loan.

The core product architecture combines three components: a credit brokerage platform, an FCA-regulated CASS-compliant e-money wallet, and an alternative creditworthiness assessment engine. Creditworthiness assessment relies on Open Banking transaction data, machine learning inference, and multiple supplementary data sources to evaluate individual financial behaviour over the three-month savings window, replacing reliance on traditional credit scoring. Digital Know Your Customer processes are used for identity verification, and Client Money, Payment Services Regulations, and Electronic Money Regulations compliance govern the safeguarding of user deposits. The company holds FCA credit broker authorisation (registration number 13908761), with registered office at 86-90 Paul Street, London.

Faciit's business model is credit brokerage. The platform membership is free to the user; revenue is generated via fees from Lending Partners on the loans it facilitates, structured as transaction fees rather than direct user charges. Distribution is direct-to-consumer, mobile-first, UK-domestic only, and supported by organic social channels (LinkedIn, Instagram, Facebook, YouTube, Twitter/X), app store presence, and QR-code based onboarding. The company is currently in pre-launch/waitlist phase, with 1,500+ signups and 1-10 employees, and operates additional operational addresses in Edinburgh (per firmographics) and Maidstone (Data Protection Officer correspondence).

Name

FACIIT LIMITED

Legal name

Faciit Technologies Limited

Website

https://faciit.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

Faciit Technologies Limited is a UK-based FCA-authorised credit broker operating a Save-to-Borrow mobile platform that uses open banking data and machine learning to assess creditworthiness. UK residents with limited credit history save one-third of a goal, then are matched with panel lenders for the remaining two-thirds as a loan.

Ownership category

akta.pro rank

Product category

Alternative Consumer Lending

NAICS

Mortgage and Nonmortgage Loan Brokers (52231), Mortgage and Nonmortgage Loan Brokers (522310)

SIC

Loan Brokers (6163)

akta.pro primary industry

Large Purchase & Lifestyle Personal Loans (Unsecured Installment) (FSAKAAAG)

Keywords

• Save-to-borrow lending
• Alternative credit scoring
• Open banking finance
• Credit brokerage services
• Consumer lending platform

Headquarters

HQ city

Edinburgh

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Credit Brokerage Fees: Faciit operates as an FCA-authorised credit broker matching borrowers with lending partners. Revenue is generated through fees associated with facilitating loan agreements between users and lending partners. The Terms explicitly state 'We will not charge You a fee for Membership of the Faciit Platform', indicating fees are paid by lending partners or built into the loan product structure.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

Faciit operates a Save-to-Borrow lending platform where UK consumers with limited credit history set a financial goal, save one-third of that goal in an FCA-protected e-money wallet (Faciit Wallet) over a minimum of three months, and are then matched by the FCA-authorised credit broker with panel lending partners who provide the remaining two-thirds as a loan. The company itself does not lend; it earns brokerage fees from lending partners for facilitating these introductions.

Product overview

FACIIT operates as a unified financial platform built around its core Save-to-Borrow model. The Faciit Platform serves as the main gateway where users register, set financial goals, and get matched with lending partners. The Faciit Wallet is an integrated e-money account embedded within the platform where users save one-third of their loan goal over at least three months before being eligible for matching. The Mobile App provides the primary access channel for users to interact with the platform. Together, these components create an end-to-end service from goal-setting through savings accumulation to loan matching.

Differentiator

Problem solved

Functional benefit

Products and services

• Faciit Platform An alternative lending platform built around the Save-to-Borrow model that helps UK individuals with limited credit profiles access loans for planned expenses by demonstrating financial responsibility through structured savings; users save one-third of their goal over three months, after which Faciit matches them with panel lending partners for the remaining two-thirds as a loan.
• Faciit Wallet An FCA-regulated e-money account in which users deposit and hold savings equivalent to one-third of their financial goal for at least three months prior to loan matching; client cash is protected under FCA Client Money Rules (CASS), Payment Services Regulations, and Electronic Money Regulations 2011.
• Faciit Mobile App iOS and Android mobile application that provides consumer access to the Faciit Platform, allowing users to set financial goals, manage savings in the Faciit Wallet, and track loan matching progress with panel lenders.

Quantifiable outcome

• Users save one-third of their financial goal amount
• +2 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature4 records

Partnerships

One partnership is on record.

• Lending Partners (Panel Lenders)coreChannel Partner/ Reseller/ DistributorFaciit matches users with a panel of Lending Partners who provide the remaining two-thirds of the loan amount after users have saved one-third in their Faciit Wallet. As an FCA-authorised credit broker, Faciit introduces customers to these lending partners. The relationship is integral to the core Save-to-Borrow business model.

Scale indicators1 record

Recent moves6 records

Expansion highlights4 records

Regional players

• Credit Karma UK: Consumer credit information and broker platform operating in the UK market. Comparable broker-to-lender business model matching consumers with credit products, though primarily focused on credit card and loan referrals rather than savings-backed lending.

Broad incumbents

• Monzo: UK digital bank with FCA regulation, open banking integration, and consumer lending products. Comparable regulatory profile and open banking infrastructure, though much broader product portfolio.
• ClearScore: UK credit information and matching platform owned by Experian, brokering credit products to consumers. Comparable role as an intermediary matching UK borrowers with lenders, though at significantly larger scale.
• Atom Bank: UK digital challenger bank offering savings products and mortgage lending. Comparable in combining UK savings products with credit underwriting using alternative data approaches.
• Zopa: UK digital bank and P2P lending pioneer offering personal loans and credit cards using alternative credit data. Comparable in underwriting philosophy and UK consumer lending focus but operates at much larger scale as a licensed bank.

Emerging players

• Wagestream: UK fintech providing earned wage access and financial wellbeing tools to employees, with adjacent credit-building capability. Overlapping mission of serving financially underserved UK consumers through alternative data.

Direct peers

• Koyo: UK digital lender using open banking and alternative data to serve near-prime and thin-file borrowers. Highly comparable business model combining open banking underwriting with lending partner distribution.
• Tymit: UK consumer credit platform offering installment lending with structured repayment plans and credit-building features. Comparable alternative-credit, mobile-first approach targeting UK consumers underserved by traditional lenders.
• CreditLadder: UK platform that helps renters build credit history through reported rent payments and savings products. Targets a similar underserved UK consumer segment using alternative data to establish creditworthiness.
• Loqbox: UK credit-building platform that helps thin-file consumers demonstrate creditworthiness through structured payments and savings-like products. Closest direct peer given overlapping target segment, alternative credit assessment approach, and UK focus.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xtwitter.com/WeFaciit
• Facebookfacebook.com/WeFaciit
• LinkedInlinkedin.com/company/faciit

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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 FACIIT LIMITED