Sprive

Sprive is a fintech startup that operates in the UK mortgage market, offering a unique solution to homeowners looking to pay off their mortgages faster. The company's business model revolves around helping its clients make small, regular overpayments on their mortgages, which can significantly reduce the amount of interest paid over the term of the loan.

Sprive's primary clients are homeowners who are looking for ways to save money and reduce their mortgage term. The company uses a smart AI system that automatically saves spare cash based on the client's spending habits, without impacting their lifestyle. This money can then be used to make overpayments to the mortgage lender with just one tap on the Sprive app.

In addition to this, Sprive offers a cashback feature, where clients can earn rewards from their everyday shopping. These rewards can then be used to make additional mortgage payments, further reducing the term and interest. The company supports 13 of the largest lenders in the UK and uses bank-level security to ensure the safety of its clients' data.

Sprive's revenue model is not explicitly stated, but as the service is free for users, it likely involves partnerships with the brands and lenders it supports, possibly earning a commission on cashback rewards or referral fees for new mortgage deals.

In summary, Sprive is a user-friendly, secure platform that helps UK homeowners save money and reduce their mortgage term through smart savings and cashback rewards.

Keywords: Fintech, Mortgage Overpayment, Savings, Cashback Rewards, AI Technology, Homeowners, UK Market, Financial Management, Debt Reduction, Secure Platform.