Say hello to Bits.
Instant, flick-of-switch access to borrowing
No interest, no fees, nothing to pay at all.
đŚ¸ââď¸ Digital account that lets you borrow 2x your balance.
𤏠No weird charges, no complicated maths, no interest.
đľď¸ââď¸ No data selling, no dodgy stuff.
đ No hard or soft credit checks. Itâs for everyone.
đ Zero interest, zero fees
Traditional lenders use interest and all kinds of hidden fees (which, by the way, arenât included in APRs) to make money. We donât.
For the next six months, weâll be testing our proposition with a small group of users. We wonât charge them any interest or any other fees. Itâll be totally free.
đľď¸ââď¸ No hard or soft credit checks
We donât sell your data to anyone. We also wonât report anything back to any mystery third parties or credit agencies - unless you want us to.
If thatâs your thing, you can switch your Bits experience from private to public. Itâs your data, and youâre in control of who sees or uses it.
đ Limits on borrowing
With Bits your borrowing is always a small multiple (initially 2x) of your balance.
Each Bit is a separate loan tied to a specific Pocket. Thereâs no open-ended credit line. You always stay in control.
đ¤ In-app, friendly customer service
No long forms, no phone calls, no frustrations. Just simple, flick-of-switch, instant access to borrowing.
If you ever need help, itâs available 24/7 in-app, or you can reach out and speak to us via phone or email.
A simple, easy way to borrow for your day-to-day expenses.
With Bits, an account is called a Pocket, and you can have as many Pockets as you like. Each Pocket has:
âĄď¸ A unique customisable online payment link that works in both group texts and Instagram biogs.
âĄď¸ Everything you need to add and send money.
âĄď¸ A virtual, secure MasterCard for online payments.
The money you place in your Pocket can be used to borrow money - an amount called a Bit. A Bit is:
âĄď¸ Start with borrowing powers of 2:1 and 30 day payback.
âĄď¸ Totally free to use right now while we are in early days.
âĄď¸ Get more powers over time - if youâre cool.
Bits is solving the hell that is borrowing. One Bit at a time.
Borrowing money is usually a terrible experience, yet everyone needs to borrow money at some point in their lives. We want to change that and simply make borrowing more accessible.
It doesnât matter who you are. Maybe you have no credit history. Maybe you donât have a 3 year address history. Maybe youâre self employed and doing your own thing. Or maybe youâre just balancing different cards with different APRs with different payment terms. It doesnât matter to us. At Bits we only care about the money you have. You secure that money to borrow more money if you need it. If you donât need it, then the option is always there whenever you do.
If you do borrow money then Bits is simple to use, straightforward with no complex fees, terms or varied percentages. With in-app customer support 24/7 and custom notifications youâll never need to worry about how much youâve borrowed or if youâve missed a payment.