Squirrel (personal finance company)

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Squirrel was a British online budgeting service for personal finances. It launched in 2014 and was created by Mutaz Qubbaj and Emanuel Andjelic. Based in Regent Street, London, it served the United Kingdom and had thousands of users. Wired called it a total savings, budgeting, and bill-management tool. Squirrel worked with The Money Advice Service and was offered as an employee benefit by companies like O2, London City Airport, and the NHS. The company was noted by Boris Johnson as an example of London's tech development. Squirrel had processed more than £2 million since it began. How it worked: users paid their salary into a Squirrel bank account each month. Money set aside for savings went into “savings goals.” Money for bills stayed with Squirrel and was paid into the user’s main current account the day before bills were due. Spending money went to the user’s normal current account, and users could split spending money into five parts to receive weekly spending payments to help with budgeting. In 2014, Squirrel won a Pitch@Palace award from the Duke of York.