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Nous.co helps households manage finances by automating the tracking of service providers and contracts, alerting users to renewals and savings opportunities, and negotiating exclusive tariffs with leading brands while handling paperwork with the user’s final approval. It works by connecting to household bills and providers, monitoring important dates, and using collective bargaining power to secure better rates, then presenting changes for the user to approve. This approach combines ongoing contract tracking, in-house negotiation with exclusive tariffs, and a fully managed process, rather than just price comparison or bill tracking tools. The goal is to simplify household finances, protect families from rising costs, and reduce the administrative burden of managing contracts and bills.
Industries
Consumer Software
Fintech
Financial Services
Company Size
51-200
Company Stage
Series A
Total Funding
$17.9M
Headquarters
London, United Kingdom
Founded
2021
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Total Funding
$17.9M
Meets
Industry Average
Funded Over
2 Rounds
Industry standards
Health Insurance
Dental Insurance
Remote Work Options
Paid Holidays
Stock Options
Commuter Benefits
Mental Health Support
The findings come as Nous.co has partnered with several major employers to provide their staff with its household bills management service as a workplace benefit via Nous for Business.
With the cost of living ever more painful, and Generative AI supposedly gunning for your job, at least — for the moment — it might be here to save you some money on your household bills.UK-based cost-of-living start-up Nous.co has now launched an OpenAI-powered assistant (combined with its own proprietary systems) to help its users understand and manage their household bills. Users will be able to upload bills or connect their email inbox to have bills forwarded to the assistant automatically. It then categorises and summarises the bills, alerting customers to details and potential savings.Nous claims it can now save households up to £1,000 a year or more via its AI-driven system, and around £126 on average. It also says it can spot it when suppliers’ try to send estimated bills rather than final ones.The new feature is on the free tier of Nous membership, currently works with energy bills and will soon be extended to broadband, mobile phone and insurance documents, with alerts delivered via WhatsApp.According to the company’s own research, two thirds of people in the UK find it difficult to understand their energy bills and only 15% say they read the small print.After just over 12 months of development in private beta, Nous soon plans to offer a subscription service as its premium product, focusing on clear billing and customer reassurance regarding data privacy. The free product will serve as an onboarding tool and customer acquisition funnel for the premium service. The startup relies on open banking regulations to access consumer spending data.Greg Marsh, co-founder and CEO of Nous, told me: “We knew intellectually AI would be part of the story for this service
UK-based cost-of-living start-up Nous.co has now launched an OpenAI-powered assistant (combined with its own proprietary systems) to help its users understand and manage their household bills.
Nous, a London, UK-based fintech startup for households to get smart as they face the rising cost of living, raised $9M in Seed funding. The round was led by Mosaic Ventures with participation from Tom Blomfield, Marc Warner, Dan Hegarty, Eamon Jubbawy, Brent Hoberman, Andy Phillipps and John Gibson. The company intends to use the [] The post Nous Raises $9M in Seed Financing appeared first on FinSMEs.
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Industries
Consumer Software
Fintech
Financial Services
Company Size
51-200
Company Stage
Series A
Total Funding
$17.9M
Headquarters
London, United Kingdom
Founded
2021
Find jobs on Simplify and start your career today