Think Money is one of the largest and longest-running financial services and advice providers in the UK, helping people find the best way of managing their finances, whether that means providing budgeting advice, assisting them with debt problems, helping them find insurance, mortgages, loans… So the company has developed a wide range of financial solutions. Since it began in 1993, it has helped hundreds of thousands of people with their finances. As a result, it has built a solid reputation for delivering a professional and dedicated service to clients.

Type: Private
Funding Status: N/A
Foundation year: 2002
Location: Manchester, United Kingdom
Number of employees: 501-1000
Founders: Chis Childs
Target geographic market:



Banking Technology Awards 2019: “Best Use of IT in Retail Banking” (Dec, 2019)

About Product/Service
Products Current accounts, credit card, debit card, consumer loans, home insurance
Core product offerings for individual/retail customersCurrent account
A free current account switch serviceAvailable, within seven working days
Regulators/ComplianceThe money you hold in your thinkmoney Current Account is not protected under the Financial Services Compensation Scheme (FSCS). As thinkmoney is authorised and regulated by the FCA as an e-Money Institution, your money is protected and, unlike the FSCS, this protection is not limited to a certain amount. This means that your money is held separately and securely in a safeguarded account held with the Royal Bank of Scotland. In the event of thinkmoney’s insolvency any customer money would be re-paid after the Insolvency Practitioner’s costs for distributing any money owed to customers.
The Base CurrencyGBP
Number of Currencies Supportedsingle currency (GBP)
Product costCurrent account: £10/mo
Money transfers/paymentsSending money within the UK via Faster Payments/CHAPS: £0; Sending money outside the UK: beginning from £15.00; Card Provider: MasterCard
ATM withdrawalsCash withdrawal in foreign currency outside the UK: 2.0% of the transaction value per transaction; Cash withdrawal in pounds in the UK: £0
OtherVirtual cards are not available
(a) a personal accountYes
(b) a business accountNo
A free current account switch serviceAvailable, within seven working days

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


Customer/Products segments Current accounts, credit card, debit card, lending, home insurance
Key product offeringCurrent Account
Type of customersIndividuals (UK residents)
Number of investors N/A
M&AECI Partners acquired Think Money for an undisclosed amount

Tech stack


Founding Date Type Tags
C6 Bank

C6 Bank is a new bank with no physical agencies

2018 Private

Tandem is building a bank and financial...

2013 Private challenger bank, fintech

Contis is your trusted partner for alternative...

2008 Private Challenger banks, fintech

Dave is a leading US challenger bank on a mission...

2016 Private challenger banks, fintech

Monzo (previously Mondo) is a digital, mobile-...

2015 Private fintech, challenger banks