New PFM firm Tully takes Brits out of debt
Tully is a new tech business based in Nottingham, UK, on a mission to tackle Britain’s growing personal debt crisis.
“A flexible approach for people to manage and pay off their debts in a way that suits them”
Backed by Nottingham venture builder Blenheim Chalcot, the business believes that the way personal debts are currently tackled via fixed monthly payments simply don’t work for either people or the businesses that lend money.
The firm is building a free digital platform to provide customers with a detailed online budget. Tully uses that budget to negotiate with each person’s lenders to help them manage their debts in a more affordable way.
The firm has started hosting one-to-one budgeting workshops in Nottingham city centre.
The CEO and co-founder, Stuart Bungay, told Business East Midlands Link: “Income now fluctuates as much as expenses do. What is needed is a flexible approach that makes it possible for people to manage and pay off their debts in a way that suits them.”
Steve Bradford is the firm’s other co-founder.
This firm has been brewing for three months at the Accenture FinTech Innovation Lab 2019, a collaboration between OpenWrks and Accenture.
