Feeling the Pinch? Pave’s Got Your Back
As the cost of living keeps climbing, more than 450,000 Brits are turning to Pave, the credit‑builder app that’s helping them climb the credit ladder. It’s not just a fancy tool — it’s becoming a lifeline for people who want a better credit score and access to more affordable borrowing.
Why the sudden surge?
- 13% jump in users over the past year – from 400,000 in January 2023 to over 450,000 now.
<li 15% of households rely on credit for everyday bills (think utilities, groceries, you name it).
<li Access is getting tougher – 16% say their credit entry has worsened post‑pandemic, and for the 18‑34 age group, it’s a staggering 28%.
The Pave Advantage
Almost 600,000 users have downloaded the app, nudging downloads up by 11% over the last year. If you’re one of the 90% who follow Pave’s tips and use their Pave Plus plan, “your credit score is likely to creep up over six months.”
New Features That Make a Difference
Pave’s latest update lets you see both Equifax and TransUnion scores right in the app, giving you a clearer view of how you stand. Plus, everything you do is reported to all three UK credit agencies — quick and handy for boosting your score across the board.
Other cool moves by Pave:
- Expanded B2B AI tool Fuse – now delivers sharper insights for lenders on affordability and loan decisions.
<li Mastercard Start Path Open Banking award – a global recognition for their entrepreneurial drive.
<li Health Signals – helps risk teams spot financial vulnerabilities and predict arrears before they happen.
<li New Income Verification Tool – gives lenders a deeper look at a borrower’s income streams.
What the CEO says
Co‑Founder Sho Sugihara hits the nail on the head: “With credit reliance soaring but loan access flatlining, people are stuck. Pave gives them a chance to tighten their finances by bumping up credit scores and tapping into the best, most affordable borrowing options.” He also urges lenders to use data wisely to spot potential problems early and offer support, cutting down on defaults.
Crunching the Data
Pave has processed 150,000+ lending decisions, 1.5 million credit reports, and over 500 million Open Banking transactions to date. Their mission? Bring financial equality to millions across the UK.
By harnessing Open Banking data, Pave gives ordinary consumers the tools they need to build a healthier credit profile – and that’s the real win.
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