A new way to borrow
Bits is a community-driven approach to finance that’s simple, fair, and low cost
⚡️ Fair pricing. No interest or hidden fees.
⚡️ Community owned. You become a shareholder.
⚡️ Simple and easy. No long forms, no computer saying no.
⚡️ Built around an ethos of give a bit, to get a Bit.
👌 How does this work?
Download the app and create an account. To borrow, you need to put down a deposit first. You can choose how much.
👍 How do I apply?
No application needed. Anyone with a UK bank account and age 18 or over can download and use Bits.
👏 How do you make money?
We rely solely on community donations for now. You can give whatever you want - including £0.
🤟 When is this launching?
Very soon! Soon as in September 2019. Sign up on our email list to be the first to find out.
Security and Privacy
⚡️ Security: we use 256 bit data encryption to keep your data secure at all times.
⚡️ Privacy: we are registered with the Information Commissioner’s Office and don’t sell your data.
⚡️ Regulation: we are licensed as an E-money Agent, with FCA registration number 902176.