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Startupbootcamp graduates, Mespo and Combine, partner to help UK consumers save on energy deals

20 September 2017  |  5139 views  |  0 Source: Mespo

Mespo, the London based money manager, and Combine, a Barcelona based financial assistant that helps consumers keep track of their bank accounts across Europe, have entered into a partnership to help Combine’s customers get better energy deals in the UK.

Mespo will enable Combine’s UK based customers to check if they have been overcharged by their utility providers and then effortlessly switch customers to a better provider, saving them time and money.

“We are excited to partner with Combine” says Lukas Zoerner, Mespo’s CEO. “Consumers have been ripped off by utility companies for too long and existing switching processes are too burdensome for consumers. Through our partnership, consumers are automatically notified if they have been overcharged and are presented with better alternatives they can effortlessly switch to through Mespo.”

From October 2017 onwards, the ability to use Mespo’s service will be gradually rolled out to Combine’s UK based customers. Based on an analysis by both companies, the average user of Combine can save up to £250 per year on their utility bills.
Through the partnership, Mespo intends to save Combine’s customers more than £10m on their bills over the next 2 years.

“Our main priority in the coming months will be to concentrate on creating partnerships with other fintech companies” says Irakli Agladze, Combine’s CEO. “It is important for us to enable our users to benefit from the services other fintech companies already provide today. We strongly believe that in order to make our mark in such a crowded market, partnerships with other fintech companies are the best way to succeed.”

Mespo and Combine share the desire to make it as easy as possible for consumers to better understand their finances and save money effortlessly. Combine’s app allows users to manage their bank accounts all over Europe and through the partnership with Mespo they can now also offer their customers the possibility to save money on their bills.

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