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 lowdown on Plend, the London-based fintech that's on a mission to end the hardship caused by financial exclusion so people are not held back by their credit history
Impressive cohort of 32 AI tech scaleups from across the UK are announced as participants in Tech Nation's Applied AI 3.0 growth programme
Tickets up for grabs for NI startups to attend leading Northern Ireland tech and business event Digital DNA 2021
The impressive cohort of leading late-stage tech companies taking part in Tech Nation's prestigious Future Fifty programme has now been revealed...
Emeka Ikechi, Director of Vanity Studios shares his insights on the importance of getting your social media imagery right and a few of the key things you should consider...
.png){kind=logo}
The lowdown on JustTip, the Dublin-based fintech startup that's developed an innovative solution to change the way we tip
Want to streamline your business protection? Here are 5 of the top SaaS tools that can help you do just that.
Got issues with equipment theft by employees in your office or workplace? These practical tips will help prevent just that.
.jpeg)
Ensuring your employees are safe in the workplace is a must. Here are a few of the best ways that you can do just that.
The lowdown on the innovative companies that have been accepted into Net Zero 2.0, the programme dedicated to supporting the UK’s most promising climate tech companies
Published on: 24th July 2017
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Shutterstock Acquires Leading Creative Design Platform PicMonkey 10th Sep 2021 Shutterstock acquires PicMonkey to help expand its offering to small businesses, by providing additional tools to non-professionals to elevate their visual content
- Thermulon fundraise to support development of innovative thermal insulation product 8th Sep 2021 Thermulon launches CrowdCube campaign to help bring its innovative aerogel solution to the fast-growing global thermal insulation market.
- UK's Female Startup of the Year 2021 competition now open 3rd Sep 2021 Inspiring and ambitious female founders take note - Enterprise Nation's annual Female Startup of the Year competition is open for applications
- ECOncrete Secures $5 million+ Series A Funding 1st Sep 2021 Major funding boost for ECOncrete Tech to support development and growth of its innovative ecological marine construction solutions.
