Sprive
“Can a rewards-driven consumer app meaningfully accelerate UK mortgage payoff and become the default mortgage-management layer for homeowners?”
Founded2019
HQLondon, United Kingdom
FoundersJinesh Vohra
Total raised$9.28M
Latest round£5.5M ($7.3M), April 2025, led by Ascension
IndustryFintech / Lending
The story
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.
Last 12 months
Product timeline
2019
Sprive founded by Jinesh Vohra in London· founding
2021
Public launch of mortgage overpayment app (Oct 2021)· launch
2023
Featured on Dragons' Den; AI mortgage assistant live in UK· product
2025
Closed £5.5M funding round led by Ascension· funding
2025
Launched 'Shop with Sprive' rewards-to-mortgage feature with 1,000+ brands; added Apple Pay/Google Pay· product
Regulated entities
1
regulatory licence held by Sprive
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
4 layers disclosed in Sprive’s embedded-finance stack
Payments / PSP
Banking / BaaS
in the full report
Lending
in the full report
Open banking
in the full report
Accounting gap: none
5 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.