Loop: the first UK-based social networking money app
Paul Pester, the former CEO of TSB Bank, is joining these challenger banks by launching the first UK-based social networking app enabling friends and family members to share money simply using an app ‘Loop’.
Loop are bringing into the digital age the offline practice of friends and families helping each other out with small sums.
We are using technology and data to remove the friction and the taboos that exists when friends, families, and money mix.
The Loop app is currently in closed beta-testing with students from three universities. We’ll launch in the UK in early 2022
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