Faciit

Faciit is a savings led lending platform designed to expand fair access to credit across the UK. Instead of relying on traditional credit scores, Faciit helps people demonstrate financial discipline by saving one third of their goal, with lending partners funding the remaining two thirds. This approach supports the UK’s 5.3 million credit invisible adults and wider underserved groups.

Our proprietary risk engine uses open banking and behavioural insights to help lenders evaluate affordability with greater clarity. The model aligns with regulatory expectations around fairness and supports users during their savings journey, helping avoid high cost borrowing and enabling safer, more inclusive credit access.

From our name Faciit (We Facilitate it), our overarching goal is to create financial possibilities for those who would struggle otherwise.

Tens of millions struggle to access finance from banks and mainstream sources in the UK and 1 in 3 of them fall into this category because they have an inadequate credit history or have low credit scores based on some non-financial data not because they made bad financial decisions in the past or cannot afford repayment. They are mostly invisible to the credit system and hence excluded from affordable financial services.

Faciit was borne from frustrations Olaolu Olaleye felt from financial exclusion, he spoke to hundreds of people who experience or know someone who experience the problem, and the more he looked into the problem the more he realised that there is a gap in the market and a market in the gap; Faciit was incubated to fill the market gap.

We have developed a save-to-borrow solution to help people with thin credit profiles and peculiar financial situations get access to competitive loans.

Ola Olaleye – CEO

• 3x tech founder.
• 20 years’ experience in product development and commercialisation.
• Supported 60+ high-growth UK businesses in growing through innovation.

Harriet Hall – CMO

12 years’ experience across sales, marketing, and tech. High-impact “Swiss army knife” marketer who plugs gaps, steadies the ship, and gets critical projects over the line

Colin McKay – Partnerships

• 30+ years’ experience scaling financial and legal sector ventures.
• 3x fintech executive with deep commercial strategy
• Experience scaling ARR from zero to £2.5m.

Joanne Seagrave – CRO

• 25+ years in banking and regulatory leadership.
• Ex-Barclays and Tesco Bank
• director in regulatory affairs

Malcolm Melville – Advisor

Financial services veteran, advising on: technology, industry, structure, and cybersecurity.

Jide Aminu – Advisor

Former bank CFO, advising on: consumer credit, regulation, financial services, and finance

Dr Ziwei Wang – User Research

10+ years’ experience in user-centred design and led research for global tech products impacting millions of users.

Femi Salami – Operations

• 10+ years in AML, sanctions, and transaction monitoring.
• Led financial crime projects across banking sectors.
• Expert in TM    design,    risk scoring, and compliance.