Haboo Money, a UK-based start-up, is set to launch a debt repayment platform in early 2025 aimed at helping borrowers manage loan repayments through personalized and dynamic scheduling using open banking insights. The platform will allow borrowers to adjust repayments based on income fluctuations, such as bonuses or variable gig worker earnings, by implementing variable recurring payments (VRPs). Haboo Money’s service, initially targeting personal loans, aims to reduce the burden of large monthly repayments through automated micropayments, with potential expansion to mortgages and student loans.
Debt Repayment Platform Haboo Money Prepares for 2025 Launch
