EVERYTHING, a UK based fintech company on a mission to build the next social finance experience for Gen Z & young millennials, has raised €2m from a group of high profile angel investors and entrepreneurs, including Sujay Tyle (Merama co-founder & CEO), Frontier Car Group founders (Peter Lindholm, Ricardo Donoso), Albin Johansson (Axel Arigato co-founder), and angel collective Framtid.
EVERYTHING, which is free to join and use, will be launching a debit Mastercard in the UK that will be targeting Gen-Zs and young millennials, where users can win instant cash rewards every time they *tap*, spend or save money. It is an evolution of the UK’s most popular savings method, Premium Bonds, with a social twist. To increase the chance of winning, people can also invite their friends and family to their own “SQUADS” and have a chance to win every time they *tap* or save too.
The way it works is simple, the company pools together a part of their revenue and allocates it to different reward buckets ranging from £1 up to £1 million. The reward threshold is reached and the next recipient who pays the payment becomes the winner. The EVERYTHING app will notify them immediately and deposit their rewards directly into their accounts.
“Premium Bonds are the UK’s biggest and probably most loved savings product. Premium Bonds haven’t evolved for decades but remain popular across age groups, often gifted across generations. We want to reinvent Premium Bonds to make them more accessible for younger generations and inject the excitement of winning into everyday finances like spending and saving without the risk of losing,” Michael Wilkinson is co-founder of EVERYTHING and the COO.
The company will launch in the UK with the new funding and has opened its waitlist to people who want to sign up. Everything is using Railsbank, a licensed and authorized bank-as-a service provider.
For more information and to sign up for the waitlist please visit: http://joineverything.com/