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.
Atoa announces pre-seed funding for its solution to empower and improve cash flow for independent, small and mid-sized UK retail merchants.
 Tong Gu, Reem Mobassaleh Wyndham and Monik Pham.jpg)
Pact launches its first £30M fund to back early-stage European tech startups using technology for economic inclusion, well-being and climate solutions.
Co-Founders seeking people with innovative ideas and desire to create startups that could change the world for its 2023 programme.
Marketers - want to turn shoppers into customers this Black Friday? Marietta Chatzidiakou, Senior Content Consultant at Digital Ethos shares some tips on how to do just that.
Data from more than 500 companies reveals the core health of SaaS startups and assesses how European companies have performed relative to American counterparts.
.png)
SeedLegals, the leading legal automation platform for startup funding steps into backing blockchain marketplace in carbon-neutral deal.
The lowdown on Boxlist, the AI-powered social network aiming to be your new go-to place for discovering TV and film recommendations across all streaming services.
Goodera secures major investment to support its mission of helping employees find meaningful volunteering experiences.
North West Regional College launches the IDEATOR Awards, a new competition to reward entrepreneurial thinking among students and staff.
.jpg)
Gravita’s tech-enabled client-centric proposition aims to transform how small and medium businesses in the UK receive accounting services.
Published on: 24th July 2017
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- UK fintech Atoa secures $2.2M pre-seed round as it kills Visa and Mastercard fees for businesses 24th Nov 2022 Atoa announces pre-seed funding for its solution to empower and improve cash flow for independent, small and mid-sized UK retail merchants.
- Female-led Pact Launches £30m Seed Fund 24th Nov 2022 Pact launches its first £30M fund to back early-stage European tech startups using technology for economic inclusion, well-being and climate solutions.
- Catalyst's Co-Founders programme opens for applications 23rd Nov 2022 Co-Founders seeking people with innovative ideas and desire to create startups that could change the world for its 2023 programme.
- Capchase “Pulse of SaaS” Report Shows SaaS Startups Remain Resilient During Economic Uncertainty 21st Nov 2022 Data from more than 500 companies reveals the core health of SaaS startups and assesses how European companies have performed relative to American counterparts.
