People everywhere are overpaying and spending more than they need to
- Consumers in the UK and globally are struggling daily – and this has been getting harder and harder
- Majority of people just don’t understand their finances and how to look after them properly; from insurance to utilities, credit cards to mortgages, consumers are spending more than they need to
- In a world of complex financial products and consumer apathy, it’s easy for big businesses to rip-off consumers
- Regulators recognise the issues and are trying to address the imbalance - but they do not have the power to really make a difference
- There is a huge opportunity to solve for ‘botheration’ and help people buy smarter and better, giving consumers confidence in their financial products and ultimately save them money >> make it Easy, Fast and Worry Free
We are transforming to deliver our mission of “saving people everywhere time & money”
- Two years ago, GoCompare was a single brand focussed on being a price comparison business
- Successfully transitioned into an agile customer-focussed fintech operating multiple savings brands
- Invested into our group-wide unified platform – ‘Savings as a Service’
We have developed a portfolio of brands playing specific roles for the GoCo Group:
Growing & Optimising: Comparison (GoCompare.com & Energylinx) and Rewards (MyVoucherCodes)
Continued cash generation on our Core, self-service savings propositions
- Highly profitable Comparison businesses achieving consistently strong cash generation
- Considerable growth opportunities expected to continue across GoCompare.com and ELX
- Rewards business successfully integrated, underlying performance improved and new B2B route addressed
- Cash generation on the core enables us to invest in innovation to deliver exponential growth
Unlocking Exceptional Growth: weflip.com
Rapid user growth of our delegated savings service weflip, with a transformative subscription-style revenue model
- A clear and unique proposition, weflip, to target the huge unaddressed market opportunity
- weflip is a revolutionary proposition, where consumers delegate their responsibility in a ‘Subscribe & Save’ model
- Transformative business model delivering sustainable and predictable recurring revenue improving loyalty and developing a deeper customer relationship with the potential to achieve exceptional long-term growth
- Weflip starts with energy, but similar challenges exist across many other verticals (insurance, mortgages, comms)