Amaiz

Description

Amaiz is a UK banking service that transforms the lives of small companies and the self-employed across iOS, Android and the web. Out customers benefit from UK current accounts, 24/7 customer care, accountancy integration (with expert support) and smart tools that help them take control of their finances without the hassle. Follow us for updates and find out more and download our app at amaiz.com.

Overview
Type: Private
Foundation year: 2017
Location: London, United Kingdom
Number of employees: 11-50
Founders: Sergey Dobrovolskiy
Website: http://amaiz.com/
Target geographic market:

Europe

Awards:

No

About Product/Service
Products Starter; Advanced
Core product offerings for individual/retail customersBusiness Current Account
Differentiating features of productAmaiz’s app lets you invoice straight away and tells you when you’ve been paid. You’ll save time with automatic categorisation of your expenses and the space to instantly store digital copies of your receipts from your phone camera. App bookkeeping gives you a clear view of your cashflow when you’re at work and when you need to pay bills. You can access your Amaiz account round the clock. Every account holder has access to our live customer support team during business hours. Amaiz’s Advanced plan gives you access to ACCA certified accountants, ready to help you with quick answers to your accounting, bookkeeping and invoice questions. You’ll receive your pre-paid Mastercard® card within a week - free to use at 60,000 cash points across the country. Manage your card from the app, including a secure PIN reminder and quick and easy freezing and unfreezing if you need it. You can make faster payments through the app and rely on instant notifications to track your comings and goings. Cash flow charts give you instant updates on your expenditure and keep surprises at bay. An additional Jar account lets you choose when you set aside money. Save a percentage of your income or transfer as you go - it’s there to save for goals as much as to ring-fence money for upcoming tax bills.
Core product for bussiness customersAdvanced
A free current account switch serviceCurrent account switch guarantee
Regulators/ComplianceVideo authentication, biometrics (fingerprint, face, touch or voice ID); Amaiz Ltd (No. 900857) is an e-money institution under UK Electronic Money Regulations 2011, it is regulated by the Financial Conduct Authority and is a registered agent of PrePay Technologies Limited (No. 900010) which is an electronic money institution authorised by the Financial Conduct Authority for the issuing of electronic money and payment instruments; FSCS protected
PricingStarter: £0.00/mo; Advanced: £9.99/mo
The Base CurrencyGBP (£)
Number of Currencies Supported1 (GBP)
 
Sales channelsAdvanced: £9.99/mo
Product costAdvanced: £9.99/mo
Openning a current account (business and personal)Free trial possible
Monthly feesAdvanced: £9.99/mo
Issuing physical card and deliveryMobile only
Money transfers/paymentsIntra-bank transfers: £0.20; Bank transfers: £0.20; International transfers: No
Currency exchangesNo
ATM withdrawalsYes, free of charge. Overseas ATM charge: European = £1.25, Other ATMs £2
OverdraftsNo
OtherSavings: No: UK Current Account: Yes
Minimum USD deposit required to open (a) a personal account (b) a business account£0.00
(a) a personal accountNo
(b) a business accountYes
A free current account switch serviceCurrent account switch guarantee

Key people

Funding rounds

Last Funding Date N/A
Last Funding Amount N/A
Last Funding Type N/A
Total Funding Amount N/A
Number of Funding Rounds N/A

Financials

Customer/Products segments Online banking, payments, accounting, tax, back-office tools, invoicing and budgeting tools
Key product offeringStarter Plan, Advanced Plan
Banking licenseNo
Type of customersSMEs, sole traders, startups
Number of investors N/A
Number of lead investorsN/A
Names of lead investorsN/A

Tech stack

The technologies that underpin a platform (FX, identity, infrastructure, security, payments gateways, business systems, APIs, etc.) Accounting integration: FreeAgent, Xero, Sage, Reckon One, Kashflow, QuickBooks
Devices supportediOS, Android
LanguagesEnglish

Competitors

Founding Date Type Tags
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Contis

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2008 Challenger banks, fintech
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Varo

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2015 Private

Reviews

4.7 out of 5

Number of uploads:
Number of reviews: 211
Updated: 23 Oct 2020
Last Version: Version 2.3.3

4.1 out of 5

Number of uploads:
Number of reviews: 164
Updated:
Last Version: