The explosive rise of zero hour contracts, variable shift patterns, and the gig economy herald the end of financial security for millions.
The days of predictable wages and fixed hours are gone. In their place volatile paychecks and painful income shocks.
Volatile income forces people to live in a financial twilight zone characterised by wild cashflow swings, reliance on extortionate credit and mounting debt.
Income instability effects health, relationships and economic mobility. It damages productivity and burdens welfare resources. Volatile income sucks people into the poverty trap. It is an acute financial problem pervading society across income and skill levels.
Stable income is the key to financial health as it provides financial visibility and certainty. It boosts security and resilience and improves quality of life.
Wollit is a financial platform that gifts financial stability and peace of mind to the millions of people who suffer from the severe wide-ranging hardships of volatile income.
With it’s Minimum Income Guarantee, Wollit irons out income fluctuations and provides people visibility, certainty and cashflow when they need it most.
Wollit’s Income Guarantee is an innovative, ethical, affordable and scalable solution to one of the biggest financial problems affecting a large and growing proportion of society.
The days of predictable wages and fixed hours are gone. In their place volatile paychecks and painful income shocks.
Volatile income forces people to live in a financial twilight zone characterised by wild cashflow swings, reliance on extortionate credit and mounting debt.
Income instability effects health, relationships and economic mobility. It damages productivity and burdens welfare resources. Volatile income sucks people into the poverty trap. It is an acute financial problem pervading society across income and skill levels.
Stable income is the key to financial health as it provides financial visibility and certainty. It boosts security and resilience and improves quality of life.
Wollit is a financial platform that gifts financial stability and peace of mind to the millions of people who suffer from the severe wide-ranging hardships of volatile income.
With it’s Minimum Income Guarantee, Wollit irons out income fluctuations and provides people visibility, certainty and cashflow when they need it most.
Wollit’s Income Guarantee is an innovative, ethical, affordable and scalable solution to one of the biggest financial problems affecting a large and growing proportion of society.
Location: United Kingdom, England, London
Employees: 11-50
Founded date: 2017
Investors 2
| Date | Name | Website |
| - | Form Ventu... | formventur... |
| - | Anthemis G... | anthemis.c... |
Mentions in press and media 4
| Date | Title | Description |
| 10.01.2024 | Credit building fintech Wollit targets Series A funding round up to £8M | A London-headquartered fintech backed by Spain’s second-biggest bank which has pivoted from providing financial assistance to freelancers to offering credit builder services is gearing up to raise as much as £8 million in a Series A funding... |
| 28.05.2020 | BBVA y Anthemis apoyan el lanzamiento de Wollit, una startup que ayuda a los autónomos a mantener ingresos estables | 28/05/2020 Nota de prensa BBVA Y ANTHEMIS APOYAN EL LANZAMIENTO DE WOLLIT, UNA STARTUP QUE AYUDA A LOS AUTÓNOMOS A MANTENER INGRESOS ESTABLES. Wollit ha desarrollado un sistema para mejorar las finanzas personales de los trabajadores por... |
| 26.02.2020 | BBVA joins $1.3m round for UK gig economy start-up Wollit | Banco Bilbao Vizcaya Argentaria (BBVA), the Spanish multinational financial group with roughly $788 billion in assets, has joined a $1.3 million seed round for UK start-up Wollit which is giving gig economy and freelance workers “financial ... |
| 21.02.2020 | BBVA backs UK fintech targeting the gig-economy as sector heats up | Fintechs targeting gig-workers have received fresh endorsement this week, after Spanish bank BBVA and leading venture-capital fund Anthemis announced a joint seed investment in new “income-smoother” Wollit. Wollit is hoping to boost the “fi... |