Fintech startup Tully launches to solve UK’s consumer debt problem

Fintech startup Tully has launched to help solve the UK’s consumer debt problem.

The startup is free for consumers and created to improve financial education and make it easier for people to manage their money and repay debts faster.

The start-up’s innovative approach to money management has caught the attention of like-minded industry names such as Nationwide.

Currently, the debt of an average UK household has reached a record £15,400, amounting to a combined total of £482bn across the UK. Thousands of people struggle with debt every year and it is estimated that the accompanying physical and mental health impacts resulting from debt stress, costs UK employers as much as £51 billion per annum. Tully aims to alleviate this.

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