“Can a document-light, card-based banking alternative capture and retain the underbanked UK workforce — particularly temporary-contract employees and overseas workers — by removing the documentation barriers of traditional banking?”
Founded in 2015, Suits Me positioned itself as a banking alternative for underbanked consumers — specifically employees on temporary contracts and overseas workers unable to obtain high-street bank accounts. The company has expanded from a payroll card product into a fuller consumer account offering with mobile app, debit card, standing orders, international transfers (via Remitly), and a corporate payroll card programme. In 2023 it modernised its onboarding by adopting Jumio for automated KYC, reducing friction for its target demographic who lack standard documentation.