Balance

Balance

Profile

Balance is a fitbit for your finances. We are a platform to help company employees enhance their financial wellbeing - one of the most under-served aspects of mental wellness by fintech. This could be by letting workers access their earnings on demand rather than waiting for monthly payday, tracking their real-time shift/hourly earnings and knowing exactly how much they can spend each month based upon their behavioural data. This addresses a social problem and market failure, where 40% of UK employees have no savings, and over 6m employees take on high interest payday loans, credit cards and overdrafts. Financial wellness is tied directly to another underserved market: mental health. In fact, one in two adults with debts has a mental health problem. Balance is here to solve this.

Product or Service

Professional Services , Financial services

Social and Environmental Missions

Financial exclusion

Regions of Operation

United Kingdom (countrywide)

Head Office Address

142 High Road, Chigwell, Essex, IG7 5BQ, United Kingdom, London