Savvy

Savvy provides unsecured loans to borrowers who may not be able to get a loan from their bank, aiming to give an 'ethical alternative' to payday loans. The loans range from £300 to £3,000 and can be repaid over periods of 8, 16 and 24 months.

Potential borrowers are able to see if they eligible for their loans with no impact to their credit file, and can arrange and receive their loan in minutes with no paperwork.

From 2018 to 2019, Savvy doubled its turnover and lent more than £29m to 31,000 customers.

In October 2019 Savvy raised £20m from Cairn Capital, which the company would use to double its headcount to 50 and grow their lending capacity.