MoneySuperMarket is set to expand its presence in the UK energy price comparison market by partnering with Yolt, the smart thinking money app, a venture of ING Bank. Yolt
is the fast-growing money app that has attracted over 500,000 registered users since its UK launch in June 2017 and is at the forefront of Open Banking. From March 2019 Yolt users will be able to find better energy deals quickly and easily with MoneySuperMarket, then seamlessly switch in the app.
The Yolt app gives everyone the power to be smart with their money. Users can view their accounts, credit cards, pensions and investments in one clear app, allowing them to ‘unthink money’.
Mark Lewis, CEO of Moneysupermarket Group, said:
“Our Reinvent strategy includes taking price comparison to other sites and apps people use every day and this is exactly what we are doing here with MoneySuperMarket-powered energy switching in Yolt. The combination of our new tech platform and the B2B expertise we gained from Decision Tech, which joined the group last year, means we can give Yolt and their users market-leading energy comparison.”
Michael Phillips, who heads up Decision Tech, added:
“Our partnership with Yolt will soon provide users with next-generation app-based energy price comparison. They will see a simpler and quicker journey through the comparison process. This is important because we know this makes a difference to how many people end up saving on their energy bills.”
Frank Jan, CEO of Yolt, said:
“We’re delighted to announce our latest partnership - with MoneySuperMarket which offers our users a smart and seamless way to compare and switch energy providers. UK householders can save hundreds of pounds a year by switching their energy supplier, and at Yolt we wanted to make it even easier. It’s yet another step we’re taking to raise the bar in mobile experiences and empower our users to spend smarter and save smarter.”