Brick Rewards embeds Moneyhub’s Open Banking technology to reward UK renters

Source: Cognito Media

Moneyhub, the leading data and intelligence platform for financial institutions, announced that Rently Solutions (trading as Brick Rewards) has selected its Open Banking and advanced categorisation and enrichment infrastructure to power the next generation of its app.

Embedding Moneyhub’s market-leading technology directly into the Brick Rewards app will transform rent, the single largest monthly outgoing for millions, into a powerful tool for financial growth. This integration enables renters to effortlessly enhance their credit scores, access gamified rewards, and build long-term financial resilience through a seamlessly embedded data experience.

Currently available to renters in London, Brick Rewards enables users to earn points simply by paying their rent on time and spending at participating local businesses. Points can be redeemed for gift cards, local perks including independent cafés and gyms, and rent credits. The app also offers a premium feature that automatically reports rent payments to credit bureau Experian, enabling renters to build their credit history without any manual effort.

At the heart of the platform is Moneyhub’s Open Banking infrastructure, which securely detects when rent has been paid and identifies eligible spending at partner businesses. This all happens automatically, with no need for manual uploads or thinking about which card to use to get the rewards.

The launch comes as the Renters’ Rights Act continues to reshape the UK’s private rental market, bringing increased focus on the relationship between tenants and landlords and the long-term financial wellbeing of renters.

“When I first moved to London, I couldn’t believe that renters were spending 30, 40, sometimes even 50% of their income on rent every month and getting almost nothing back. Brick Rewards was built to change the relationship renters have with their payments by helping them earn meaningful rewards, get more from their everyday spending and build stronger financial outcomes over time.

“Working with Moneyhub allows us to deliver that experience seamlessly through Open Banking, making rewards and credit-building effortless for renters. Our SW London launch has already shown strong demand, and we’re excited to expand across London before rolling out nationwide later this year,” said Josh Pavis, founder of Brick Rewards.

“Open Banking is completely reshaping how we think about renting. By leveraging Moneyhub’s precise data categorisation, Brick Rewards transforms the single biggest monthly outgoing into an automated engine for financial growth. Renters can now seamlessly strengthen their credit scores for the long term while unlocking local rewards in the short term. This all happens entirely in the background with zero administrative friction,” said Dan Scholey, chief product officer at Moneyhub.

Further reading: Moneyhub launches next-gen categorisation and enrichment engine for smarter insights