A Dragons’ Den firm that has scored investments from three of the present’s stars is already value hundreds of thousands – and the achievements do not cease there.
Former Goldman Sachs government Jinesh Vohra shook fingers with Peter Jones, Deborah Meaden and Touker Suleyman after pitching his app, which focuses on taming mortgage overpayments to save lots of on curiosity funds in the long run.
Free app Sprive launched in 2021 and goals to assist householders repay their mortgages sooner, setting apart cashback from their weekly retailers for that function, in partnership with manufacturers reminiscent of John Lewis.
Individuals who use it name it ‘completely good’ and speak about the way it has helped them get monetary savings to place in direction of their mortgage.
And for a lot of it is clearly working its magic, as Vohra revealed in a brand new interview: it was “probably the most downloaded monetary app in Britain behind Dragon’s Den, which I did not actually count on.”
He continued to the Finanser: ‘It is one thing I am very proud of as a result of it isn’t one thing that is simply achievable. We have been the sixth most downloaded app of all apps within the UK, behind Dragon’s Den. It’s extremely uncommon.’
In the course of the episode, Vohra mentioned the corporate works with greater than 2,500 manufacturers, so meals retailer, espresso run and takeaway spending made by way of the app will get monetary savings in your mortgage.
The app can also be all the time in search of higher mortgage offers for its clients.
He shared within the new chat that he understands how “uncommon” it’s to “get your corporation in entrance of three to 4 million folks within the area of 10 to fifteen minutes.”
With out underestimating the affect of the dragons on most of the people, he added: “If they are saying we consider on this enterprise, and we will assist this enterprise, that is large when lots of people are watching at residence.”
And whereas he is reaped the advantages of the app’s new public profile due to the present, he is adamant that it isn’t a “short-term blip.”
“We have undoubtedly seen unbelievable progress, and I do not suppose it is a short-term blip. I feel we’re reaching a brand new stage the place we proceed to see continued progress and momentum consequently, and a variety of that is because of that preliminary sort of publicity.”
Pitching to the well-known enterprise moguls on nationwide tv, who additionally had Gary Neville and Steven Bartlett within the line-up, Vohra defined that Sprive can spend as much as £25 a month on an individual’s mortgage, doubtlessly saving 1000’s in curiosity.
Based on a report in Fintech Finance Information, the startup had closed a £5,500,000 funding spherical from traders a 12 months earlier than it even stepped into the den.
Vohra’s look on the favored BBC One funding present aired in February, through which he scored a mix of three Dragons for the prize of 5 % and funding of £50,000.
“The facility of three Dragons and the Dragons you’ve – that is fairly critical,” Peter Jones advised him within the examine.
In March, Vohra advised BBC Radio’s Desi Tales that he was obliged to maintain the funding secret for some time pending the airing of the episode, however that he was on the stage of figuring out the contract with the Dragons and their legal professionals.
He mentioned, “I needed 5, however sadly two Dragons withdrew. The Dragons are so assured. Relating to monetary companies, belief is so vital. I’ve by no means constructed a enterprise earlier than. I had a company job.
“To get three was simply superb and the three Dragons which have been on the present for a very long time, it is simply out of this world.”
He concluded: ‘Most individuals do not realize that many individuals now take out a mortgage: for each £1 you borrow, you possibly can pay £3 in curiosity. These are scary quantities over the lifetime of a mortgage.
“If you consider it, most individuals spend a variety of what they earn. In case you can flip each single retailer into an overpayment on the mortgage, that can have a big impact.”
Dragons’ Den airs on BBC One and could be seen on iPlayer.
A model of this text was first revealed on April 20, 2026.
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