Case Study: Sprive helps homeowners pay off mortgages faster with TrueLayer's Pay by Bank

Sprive drives 80% of checkout payments with TrueLayer

Sprive, a fintech app that helps homeowners pay down their mortgages using cashback rewards, needed a payment method that was both low-cost to preserve user incentives and real-time to support instant voucher purchases at checkout. They turned to TrueLayer and its Pay by Bank solution to address these commercial and user experience challenges.

By integrating TrueLayer's Pay by Bank API, Sprive offered users a secure, instant payment option that incurred lower fees. This allowed Sprive to provide higher cashback incentives for using it. The results were significant: Pay by Bank captured 80% of checkout share, the platform maintained a 93% session conversion rate, and fraud was virtually eliminated. TrueLayer's solution became the scalable, everyday payment norm for Sprive's growing community.

Sprive