April’s Marketplace spotlight: MoneyFit

At the beginning of 2024, we celebrated the expansion of our employee benefit proposition by introducing Zest Marketplace to our customers.

The one-stop shop for all your employee benefit needs, Zest Marketplace plays host to a number of handpicked providers from our trusted benefits network, ensuring you have the very best offering available to your people.

Each and every month we shine the spotlight on one of our latest providers, and for the month of April, we’re delighted to introduce you to MoneyFit.

Who are MoneyFit?

MoneyFit is a cost-effective digital employee financial wellbeing solution that helps to improve employees’ confidence, control and capacity with their finances.

Using engaging interactive tools and plain English educational content, MoneyFit helps employees to demystify finances and feel more confident to make informed decisions about their money. MoneyFit also includes an optional VISA cashback card which enables employees to save up to 14.5% in over 80 UK retailers.

MoneyFit is deployed as a mobile responsive website that can be viewed on all devices including laptop, PC and mobile via an App Icon.

Key Features include:

The MoneyFit Quiz and action plan – assesses an individual’s attitude towards their finances based on three fun animal personas and delivers a bespoke action plan designed to help improve money fitness.

Learn About Money – focusing on the three topic areas of everyday budgeting, managing debt and saving for the future, learn about money includes a glossary of financial terms, links to useful resources and a series of AI generated explainer videos.

Help and Support – providing information and links to practical help and support on topics including money scams, gambling and money and mental health.

Money Modellers – engaging interactive modellers that illustrate the impact of compound growth of everyday small savings and compound interest on loans and savings.

Employee Benefits – an editable employee benefits section providing a clear concise summary of all the employee benefits available with links to the relevant pages on the intranet or benefits platform.

Employer Dashboard – real time insights into employee financial wellbeing to inform targeted interventions.

MoneyFit Cashback card – a VISA-backed digital payment card enabling employees to receive up to 14.5% cashback in over 80 retail brands.

MoneyFit X Zest Technology Ltd

To mark our Marketplace partnership, MoneyFit’s Managing Director, Francis Goss said: ‘Financial wellbeing remains a top priority for HR, Wellbeing and Reward leaders and we are excited to be partnering with Zest Benefits as we both share a mission to provide innovative and engaging technology that delivers measurable results. 

‘With budgets under strain from NI and National Living Wage increases, employers are seeking cost effective practical solutions to support their employees’ financial wellbeing.

‘Our partnership with Zest makes financial literacy and cashback on everyday spend accessible to even more employees and supports our goal of providing “financial wellbeing for all”.  We look forward to a long-term partnership and to launching continuous innovations for our many users.’ 

To find out more about MoneyFit, visit their Marketplace page on our website here.