UK payments start-up ApTap readies to bootstrap
A team of Imperial College London graduates are using their STEM backgrounds to challenge the fintech industry with a new payments firm.
Tapping into the open banking craze
Called ApTap, it’s tapping into the open banking craze to help people optimise their bills and subscriptions, by connecting them, their banks and their service providers.
Will Billingsley, ApTap’s CFO and co-founder, told FinTech Futures: “We help people get the most value for money and time, by using open banking to aggregate users’ bank accounts, giving them a holistic view of their bills laid out on a calendar. Then we help them find the best deal, and facilitate the cancellation, sign up and bill splitting processes.”
For those of us who sat at the back of the class lost in a world of daydreams, ApTap reminds readers of the importance of a good education.
Billingsley adds: “Having studied in physics, biology, management and engineering, we use a hypothesis driven approach to running our company and testing our product. We are expanding our team with the right people to gather marketing expertise and get a deeper tech base.”
In terms of features, these include a centralised place for bills and subscriptions; reminders; and a tailored tool to visualise how work and personal finances overlap.
When it comes to security, ApTap says it uses PIN / Touch ID / Face ID verification.
At present the firm has over 100 people signed up to be beta testers, “solely through word of mouth”, and it plans to grow this base through a referral programme, aiming for a closed release to 1,000 users.
