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Sprive

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Sprive is a personal finance app on a mission to help homeowners pay off their mortgages faster

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Business overview

Location London, United Kingdom
Social media
Website sprive.com/
Sectors Finance & Payments Digital Mixed B2B/B2C
Company number 12102682
Incorporation date 15 Jul 2019
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Investment summary

Type Equity
Valuation (pre-money) £35M
Equity offered 0.77%
UK tax relief

EIS

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Business highlights

  • £12m ARR with 30% Month-on-Month growth (March 26)
  • Led by former Goldman Sachs Executive Directors
  • Targeting a $26tn global consumer debt opportunity
  • Backed by Ascension VC and Channel 4 Ventures
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Key features

  • No Secondary Market
  • Nominee investment min. £22.00 +

Pitch

About the Campaign

Sprive is a personal finance app on a mission to help homeowners pay off their mortgages faster. Led by Goldman Sachs alumni, it transforms the mortgage from a 2-year cycle into a monthly habit.

By combining AI-powered auto-saving with a rewards marketplace, Sprive allows users to chip away at their debt through everyday shopping.

Whether it’s via automated, affordable payments or one-tap rewards from 1,000+ partner brands, Sprive is on a mission to make mortgage freedom an achievable reality for the modern homeowner.

Market Opportunity

The financial pressure on UK homeowners is high, with outstanding mortgage lending reaching £1.7tn - comprising 90% of the nation's personal debt.

Sprive is positioned to disrupt this landscape, using the UK mortgage market as a high-intent entry point to target a $26tn global opportunity. Long-term, the company aims to expand its automation technology to tackle all forms of consumer debt, including credit cards, student loans, and auto finance.

Traction & Key Accomplishments

Sprive was founded by Jinesh Vohra and Saad Hashim, both former Goldman Sachs Executive Directors, with Lauren Hale joining from Chip as Growth Marketing Lead.

As of March 2026, the company reports £12m ARR with 30% Month-on-Month growth*.

The platform has successfully integrated with over 1,000 major brands - including Amazon, Tesco, Asda, and M&S—allowing users to turn rewards into overpayments.

Furthermore, Sprive uses Open Banking data to challenge existing mortgages against the market, finding users better deals while generating commission.

This investment is part of Sprive’s £5.5 million round, led by Ascension VC, which included participation from Velocity Capital and Two Magnolias. Channel 4 Ventures has also invested under a 'Media for Equity Model'.

*Based on unaudited management accounts

Use of Funds

Sprive is raising capital to:

• Scale the customer base and expand market reach.
• Improve platform capabilities for a seamless user experience.
• Increase ARPU (Average Revenue Per User) via enhanced lender and brand commissions.
• Reduce operating costs to drive long-term profitability.

The minimum target for this campaign is £100,000, for 0.25% equity at a £35m pre-money valuation. This equity percentage will increase as the campaign raises above this minimum amount.

Key Information

Campaign Information

This campaign is not issued by Sprive. In contrast to our standard campaigns, this campaign page is primarily curated using public data. There is a risk that some of this information is incorrect or outdated. Republic Europe has not verified any of the information set out in this pitch, and all investors must complete their own due diligence prior to making an investment decision.

Please note that certain interactive features, such as discussion forums and campaign updates provided by the company, will not be active for this specific offering.

Preemption Rights

Pre-emption rights only apply to shareholders in Sprive holding over 5% of the company’s share capital. On completion of this investment, Republic Europe, as nominee, will hold a number of shares lower than this threshold. As such, you will not have any pre-emption rights in Sprive. This means that your shareholding will be diluted in the event Sprive issues further shares.

Share Classes

The company has two share classes, Ordinary and Preferred shares. Republic Europe investors will receive Ordinary shares.

On a liquidation, return of capital, or exit, the proceeds will be distributed as follows:

1. First, Preferred shareholders will receive an amount equal to the greater to equal to the greater of:
- Their investment amount; and
- The amount they would have received if the Preferred Shares had been converted into Ordinary Shares immediately prior to the distribution.

2. Second, the balance of the proceeds will be distributed to the Ordinary Shareholders pro rata to the number of Ordinary Shares held.

Preferred Shareholders have anti-dilution rights. If the Company issues new shares at a share price that is higher than the share price at which they invested at i.e. £0.59183, Preferred Shareholders are entitled to receive additional shares (calculated using a broad-based weighted average formula) to reduce the impact of that dilution on their investment. Ordinary Shares do not have this protection.

Share Price

Please note that the share price for Sprive’s recent round is £2.199784. This Republic Europe campaign will use a rounded share price of £2.20 to enable investment into the offer.

Post Investment Page Updates

Sprive will not be sharing investor updates so investors should not expect to receive these via the post-investment page.

Investor Fee

Republic Europe will charge a fee for investing in this Campaign. Republic Europe’s fee for administering this campaign and your investment is equal to 5% (min. £5) of the amount you have invested, which will be confirmed during the checkout journey.

Republic Europe will also charge a carry fee of 5% for nominee services, which is charged on any profits made at the point shares are sold.

There is no holding fee, or any fee over the lifetime of the investment.

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To comply with financial regulations, we can only show full campaign details to registered users.

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Please read the Risk Warnings before investing. Investments should only be made by investors who understand these risks. Tax treatment depends on individual circumstances and is subject to change in future.

This campaign for Sprive has been approved by Seedrs Limited (trading as Republic Europe) ("Republic Europe", "us" or "we"), as of 11 May 2026 as a financial promotion. Republic Europe is authorised and regulated by the Financial Conduct Authority with firm reference number 550317. In approving this campaign, Republic Europe has concluded that the information, taken as a whole, is "fair, clear and not misleading." This means that for factual statements we have reviewed evidence of their accuracy, and that for aspirational statements we believe they are phrased appropriately in light of their speculative nature. You should note that in the case of factual statements, the evidence we review is provided by the business, and we do not audit it, which means that we may not be able to identify forged or altered evidence. You should further note that in the case of aspirational statements, the nature of the type of businesses presented on the Republic Europe platform is such that they are likely to have high ambitions, and we may approve statements that convey those ambitions even where we do not believe, or we do not have a view on whether it is likely, that they will be fully realised. The pre-money valuation and investment sought in the campaign are those set by the business: they are not reviewed or established by us, and the valuation is not an independent view of what the business is worth. Given the nature and type of businesses presented on the Republic Europe platform, it is possible that the business has very little cash remaining prior to receiving this investment, and the investment sought may be necessary for the business's on-going existence.

Republic Europe does not make investment recommendations to you. No communications from Republic Europe, through this website or any other medium, should be construed as an investment recommendation. Further, nothing on this website shall be considered an offer to sell, or a solicitation of an offer to buy, any security to any person in any jurisdiction to whom or in which such offer, solicitation or sale is unlawful. Republic Europe does not provide legal, financial or tax advice of any kind. If you have any questions with respect to legal, financial or tax matters relevant to your interactions with Republic Europe, you should consult a professional adviser.

Tax Relief (SEIS)

This business is eligible for SEIS relief - providing qualifying investors with income tax relief of 50% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Tax Relief (EIS)

This business is eligible for EIS relief - providing qualifying investors with income tax relief of 30% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Valuation (pre-money)

Valuation rounded from £35,003,437

This is the fully-diluted pre-money valuation of the business (i.e. before the new investment comes in and including issued options and other equity interests). In contrast, the post-money valuation is based on inclusion of the new investment in the value.

It is calculated as the pre-money valuation plus the amount of new investment. e.g. If Company A is ascribed a pre-money valuation of £1,200,000 by prospective investors investing £300,000, its post-money valuation is £1,500,000.

The investee business is responsible for setting its own valuation, it has not been prescribed by Republic Europe.

Pitch type

Investing in a regular equity campaign is the simplest and most common way to invest in a startup. You decide which business you want to invest in, and if the campaign hits its funding target then you will become one of their shareholders. As the company becomes more valuable, so do your shares; allowing you the opportunity to share in the future success of the business.

Learn more about pitch type on Republic Europe

Equity Offered

The equity offered is the percentage of the company’s shares being issued in return for the amount of investment raised.

When the amount raised is less than 100%, the equity offered is based on the target raise. Once the company has raised over 100% it is based on the total raised.

In some scenarios, entrepreneurs may accept additional direct investment after closing their Republic Europe campaign. Provided this is within 6 months of the closing and on the same terms, we do not typically offer pre-emption rights on that extra investment (where you have the opportunity to invest again to maintain your percentage shareholding).

Learn more about investing and pre-emption rights.

Nominee investment

This shows if you are able to choose, when making an investment, that you be represented by, and your shareholding be managed by, the Nominee investment.

Find out more

Custodian

If you invest in this Campaign, Republic Europe will act as Custodian rather than provide our standard nominee service. This is due to the fact that the business is not directly involved in the share sale and Republic Europe will not benefit from any rights under a shareholder agreement. As a result, Republic Europe will handle administrative tasks as we do normally, but you will not have information or voting rights, updates from the business, preemption on future fundraising, or ongoing support about business trading activity.

Learn more about Custodian here

Secondary market

This shows if the business has opted-in or opted-out of allowing its shares to be bought and sold on the secondary market.

Find out more

Direct investment

If available, this is an option to invest and hold shares 'directly' in the company (rather than via the Nominee investment). This option is only available to those investing over the threshold amount, which is determined by the fundraising company.

If you choose to hold your shares directly, you will be responsible for any contractual or administrative arrangements with the company you are investing in.

Find out more

Payment options

We are not able to accept card payments for investments into this sector. You can pay for your investment by creating a bank transfer, using funds in your investment account or create a Pay by Bank payment. Your investment will only be completed once the funds have reached our account.

Business Involvement

This Campaign offers shares for sale in business that is not directly involved in this Campaign or the sale. As a result, the Campaign and post-investment experience, including investor rights, will differ from a business-led campaign on Republic Europe. Most notably, the business will not engage with investors in the discussion forums both during and after the sale or provide any updates to investors.

Learn more here

Payment options

We are not able to accept Pay by Bank payments for investments into this sector. You can pay for your investment with a card payment, by creating a bank transfer or by using funds in your investment account. Your investment will only be completed once the funds have reached our account.

Drawdowns

This campaign offers the ability to pay for an investment by drawdowns.

Security Token

A security token is a digital asset that represents ownership or other rights. It is a digital form of traditional investments. In the future, you may be able to trade your investment through compatible exchanges.

Warning

You are following a link outside of europe.republic.com.

None of the information in constitutes part of the campaign and it has not been approved or reviewed by Republic Europe.

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