UK HOUSEHOLDS WASTE £110 Billion EVERY YEAR
OVERPAYING FOR GOODS
KEEPING UNWANTED PURCHASES
NOT CANCELLING SUBSCRIPTIONS
We launched an App
Monily launched Shoppa in 2019
Designed using Open-banking, Shoppa shows how online shoppers can see item level purchases, prices, returns and refunds across all their cards. The App processes all the data on the phone keeping personal data completely private and secure.
The App is designed for young online shoppers who never go into stores and are always looking for the best deals.
In 2020, we will be introducing a Virtual card and credit options for financing purchases, visit shoppa.co.uk for more information
How do we do this?
We combine financial, retail and services data on every item bought
Use AI to read and organise receipts and subscriptions
Match them to payment data to track outgoings and refunds
Provide an App to
help manage and return stuff
Link a bunch of handy services to make things cheaper
Provide a virtual card to pay for stuff and connect to any bank
Monily helps our customers
Buy from the cheapest retailer
Cancel unwanted subscriptions
Pick up and return unwanted goods
Find the cheapest services
Saves precious time
Pay for things
easily and securely
Monily is the first AI driven financial services company that works for its customers
Who are we?
Monily was started to solve a problem, how can we tell what we purchased from our bank statement.
Opening a Banking or Credit card App to try to find details on your transaction is impossible so in 2018 we decided to solve the problem using data. We began by trying to reimagine how the experience could be transformed to save consumers time and money on their purchases.
The solution was to combing receipt data with Banking transactions so we could see the details of the flight we took to London or the size, colour or item price of the trousers or, when a trial sign up for a subscription was going to expire.
It completely transformed how we looked at banking data and meant we could offer services like managing subscriptions, utilities, price comparisons and refunds, all within an App that was secure.