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Piggy Bank Loans
Information by Research TrustFinance
PiggyBank, a trading name of DJS (UK) Limited, was a financial services company that operated in the UK's high-cost short-term credit market. Founded in 2012, its mission was to offer a flexible and responsible alternative to traditional payday loans by providing small, short-term instalment loans. The company focused on a technology-driven approach with an emphasis on affordability checks. However, like many firms in the sector, it faced significant financial pressure from a surge in customer compensation claims and stricter regulatory oversight, leading to its collapse and entry into administration in late 2019.
United Kingdom
Industry
Financial