A UK software start-up called Youtility, which collaborates with banks and financial technology firms to offer embedded home finance management services, has been purchased by a US tech platform that assists consumers in managing, assessing, and saving money on their recurrent insurance contracts.
With the integration of Squeeze’s data analytics and B2C experience with Youtility’s industry-leading B2B API platform, UK consumers will receive a next-generation service. Customers of banks and fintech companies would benefit from a smooth and integrated experience from the newly merged company, which will allow them to monitor, manage, and take action on their personal money right from inside their current applications.
The Office for National Statistics reports that household energy prices in the UK have climbed by 100% in the previous three years, which has forced 67% of adults to cut back on non-essential spending and 50% of people to use less fuel. Therefore, there has never been a more important moment for fintech companies and banks to help their clients manage and save money.
Since its statewide launch in 2021, Squeeze has rapidly built an amazing track record in the US, helping the typical customer save $786 on auto insurance and $400 on house insurance annually. The company has seen revenue growth of more than 300 percent annually. The success of the company is based on two strategies. In addition to providing better price alternatives, its autonomous technology acts as an unbiased consumer advocate by removing obstacles and lowering the amount of work required from the user to take action.
“I am excited that our expert team and unique technology can help UK consumers to make more informed decisions and to save money on their home finances,” stated Elias Janetis, the founder and CEO of Squeeze. Our combined technology will enable banks to include crucial cost-cutting measures and assist all clients, not just those with strong financial acumen, ushering in a new age of price comparison in the UK market.”
“By combining the consumer facing expertise of Squeeze with the market leading B2B services of Youtility, we will offer a one-of-a-kind embedded experience both for businesses and their consumers,” said Tyler Randolph Boyd, Chief Strategy Officer and Lead of the newly united firm.
“We are excited to bring together the Squeeze and Youtility technologies and accelerate the businesses development by leveraging Squeeze’s expertise from the US market,” stated Charlie Quigley and Will Kostoris, co-founders of Youtility. We are excited to work together with a group of people that have such great energy and to connect our aims to assist customers save money on their biggest payments every year.”
Leading pricing comparison website Squeeze gives customers the ability to choose their financial services wisely. Squeeze is a unique strategy that guarantees consumers obtain the best discounts while minimising the work required in the process. It has a proven track record in the USA. With the recent purchase of Youtility, Squeeze is even better positioned to transform the UK price comparison sector and provide customers more financial security and control.