What is the MONEYME credit score product?

The MONEYME credit score product is a free tool available through the MONEYME app that allows users to check their credit score without impacting it, view their credit file details, track score changes over time, and understand their approval chances on MONEYME's credit products. The product was built on MONEYME's proprietary technology platform, Horizon, and leverages credit file data from Experian.

How many people used the MONEYME credit score during beta testing?

Over 37,000 new customers swirmed to discover their credit score during MONEYME's beta trial, despite the product receiving zero marketing during that period. This significant uptake demonstrates strong consumer interest in accessing credit score information.

Will BNPL products be included in credit reporting?

Yes, a Treasury options paper has proposed that buy now pay later products become part of the credit reporting regime, which MONEYME believes will level the playing field and close a credit score blind spot. This regulatory change is expected to be positive for both lenders and borrowers in the financial services sector.

MONEYME launches credit score after 37k customers swarm beta product