Portify

Portify is a U.K.-based financial technology company that helps modern workers, especially those in the gig economy, build credit and access fair financial products. Founded in 2017 by Chris Butcher and Sho Sugihara, Portify aims to improve the financial health of near-prime consumers and gig workers by providing tools to track income and expenses, manage bills, and build credit. The app is available for free download, with additional features accessible through a premium subscription called Portify Prime.

Benefits

Portify offers several key benefits to its users:

• Financial Management:The app helps users track their income and expenses, receive smart reminders about upcoming bills, and predict cash flow to avoid low balances.
• Credit Building:Portify Prime subscribers can access tools to build their credit scores, with on-time payments reported to major U.K. credit reference agencies like Experian, Equifax, and TransUnion.
• Personalized Advice:Using open banking laws, Portify analyzes users' banking history and spending habits to provide personalized financial advice.
• Interest-Free Financing:Users can access up to £250 in interest-free financing through the premium version of the app.

Use Cases

Portify is particularly useful for gig workers and modern workers with irregular incomes. The app helps them:

• Track Income and Expenses:Easily monitor their financial situation.
• Manage Bills:Receive reminders and alerts about upcoming bills to avoid missed payments.
• Build Credit:Use the credit-building features to improve their credit scores and access better financial products.
• Predict Cash Flow:Analyze spending and payments to predict potential financial shortfalls.

Pricing

Portify is available for free download, with basic financial management tools included. For access to all credit-building features, users can subscribe to Portify Prime for £6.99 per month.

Vibes

Portify has received positive reviews from users on Trustpilot, the App Store, and the Google Play store. The company has also been featured in notable publications like TechCrunch and Wired. Users appreciate the app's ability to help them manage their finances and build credit, making it a valuable tool for gig workers and modern workers.

Additional Information

Portify is authorized and regulated by the Financial Conduct Authority and uses bank-grade security practices to keep user data safe. The company has raised £7 million in funding, generated £1 million in revenue, and has over 100,000 users. Portify is headquartered in London and has a team of 24 employees. The company has also partnered with Experian to offer new credit-building products to its users.