Mespo, the Bot for Personal Spending, Banks on Saving You Money
by Startacus Admin
We are liking the look of Mespo, a bot for personal spending, that not only identifies when you might be overspending, but actually sets about fixing the overspend too.
Mespo (until very recently called Mobillity) is on a mission to help you stop getting ripped off.
Co-founded in 2016 by Lukas Zoerner and Julien Deray, and now a team six strong, Mespo set out to build an impartial financial service, that harnessed the power of technology for good. If banks can benefit from intelligent money management, then why can't everyone else? Mespo is your personalised money advisor, which not only identifies that you might be overspending, but actually sets about to fix it for you too. No more overspending on bills, subscriptions or forgotten credit card payments. It delivers impartial updates and insights into your finances via Facebook Messenger and even goes one step further and does all the paperwork for you too once you decide to save money through the platform.
Fully impartial I hear you ask?
Their business model is unique as they take a 10% share of the savings they can achieve, making them fully impartial and less like the traditional consumer saver app or saver site that makes its money by getting
commissions from other companies, such as energy suppliers or banks. Mespo thinks that such a model provides a conflict of interest and in order to provide the consumer with a personal spending saver service, they need to be impartial.And it's so far, so good for team Mespo with their most successful saver customer to date, saving £581 per year from using their Facebook Messenger powered bot / chat service.
They recently took part in AG Elevate, a fast track 12 month program for selected FinTech companies in the UK and which is designed to accelerate them through startup legal challenges. They have previously taken part in the London Startupbootcamp FinTech accelerator programme and only last month were selected to pitch at one of the largest FinTech conferences: @money2020.
Now with their recent name change to Mespo, the team are all set to further cash-in on their success to date. We look forward to hearing more about their personal savings bot - you'd bank on it!
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
The innovative startup that empowers restaurant managers and owners to measure and improve their customer experience.
upSTART, the startup pitch competition at Digital DNA 2019 will see over 20 disruptive NI-based startups pitch to determine who will win an all-expenses paid trip to explore the New York tech scene.
If you've not quite scraped the pounds together to get your 1st startup idea off the ground yet, don't fret! Here's a few top funding tips to consider.
If you are running a business, it’s important for you to understand financial matters, too, Here's some handy accounting reminders!
Holland-based startup Active Cues has created a simple product to engage children and adults with cognitive challenges...
The startup that's empowering people to participate in their health and wellbeing decisions with easy-to-understand health insights.
The startup that's aiming to reduce loneliness and social isolation through warm technology...
The startup that lets you listen to the articles you would love to read, handpicked and professionally narrated.
The SaaS startup that has created a time-saving, accurate and compliant mileage tracking solution
A customer relationship management (CRM) system can be one of the most valuable tools that you can invest in for your business. Here's why...
Published on: 24th July 2017
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- The upSTART finalists at Digital DNA 2019 13th Jun 2019 upSTART, the startup pitch competition at Digital DNA 2019 will see over 20 disruptive NI-based startups pitch to determine who will win an all-expenses paid trip to explore the New York tech scene.
- Lloyd's Lab announces third round of applications 3rd Jun 2019 From data sharing to next generation claims, insurance industry focused tech startups are currently being sought after to join Lloyd's Lab cohort 3.
- Startup Exhibitor package at Digital DNA 2019 28th May 2019 New startup exhibitor package at Digital DNA 2019 gives startups access to 150 Speakers, an estimated 3,000 attendees, 121 investor meetings, a startup pod to exhibit and 4 x 1 full-access exhibition tickets!
- North-East England startups sought for latest Ignite pre-accelerator programme 18th May 2019 North-East of England early-stage entrepreneurs and startups take note! North-East England startups sought for latest Ignite pre-accelerator programme.
