Cheshire based fintech, Suits Me, has experienced their biggest year of growth since launching in 2015, despite contending with the global coronavirus pandemic.
The alternative banking solution has announced record growth across multiple areas of the business including the number of new accounts opened, uplift in new staff members and the premier of the Suits Me TV advert, along with the accomplishment of numerous other goals in 2020.
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In the nine months since the outbreak of the coronavirus and the first national lockdown in March 2020, Suits Me saw an increase of 45,147 accounts opened and in November 2020 they reached their latest milestone of 100,000 accounts opened, doubling the number of account holders in just one year (52,161).
Richard Lynch, Managing Director, explained: “Suits Me is committed to providing a suitable banking solution for everyone. So, I’m delighted to say that our latest achievements are a great steppingstone to further extend our reach to financially excluded individuals, who are eager to take their next step on the banking ladder. We’re expecting continued growth throughout 2021 and will continue to work hard for all of our account holders.”
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In October 2020, Suits Me launched their very first TV campaign shown on BT Sport, Dave, Dave Ja Vu and Sky Atlantic. After previously focusing on only digital marketing, the continued growth meant launching the TV campaign was the next natural step to further extend their reach to the underbanked that need a suitable banking service.
Internally, Suits Me has seen growth in most departments within the company, in order to accommodate the rapidly increasing number of account holders.
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