“Can a rewards-driven consumer app meaningfully accelerate UK mortgage payoff and become the default mortgage-management layer for homeowners?”
Founded 2019 by Jinesh Vohra after his own mortgage payoff experience, Sprive launched publicly in October 2021 as an AI-powered mortgage overpayment app for UK homeowners. The product has since expanded from simple round-up overpayments into a 'Shop with Sprive' rewards engine — users buy e-gift cards from 1,000+ retailers and the cashback is routed as a mortgage overpayment to one of 14 supported UK lenders. Sprive operates as an FCA Appointed Representative of Connect IFA for mortgage broking and uses PrePay Technologies (PPS) for e-money and TrueLayer for open-banking payment initiation.
Sprive discloses PrePay Technologies (PPS) as its banking provider, according to the Embedded Finance Index 2026.
Sprive does not disclose a bank charter of its own; its banking services are provided through PrePay Technologies (PPS).
Sprive processes payments through Apple Pay and Google Pay.
Sprive connects to bank accounts through TrueLayer.
The Embedded Finance Index 2026 maps 4 layers in Sprive's stack: Payments / PSP (Apple Pay and Google Pay); Banking / BaaS (PrePay Technologies (PPS)); Lending (Mortgage overpayment automation, Mortgage broking (via Connect IFA Ltd) and Remortgage switching service); Open banking (TrueLayer).
Sprive was founded by Jinesh Vohra and is founded in 2019, headquartered in London, United Kingdom.
Sprive has raised $9.28M in total (latest round: £5.5M ($7.3M), April 2025, led by Ascension).
Get a read on where your own stack stands against Sprive and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.