Noggin HQ secures £2m to expand credit access for underserved borrowers

Providing phone contracts and credit comparison tools to individuals excluded by traditional lenders is the core focus of Noggin HQ, which has just raised an estimated £2m. Based in Newcastle Upon Tyne, the fintech startup develops a platform to help people with low or no credit scores access fair and transparent credit terms.

Founded in 2021, the company addresses credit exclusion for UK residents who struggle to borrow from mainstream financial institutions. Noggin HQ currently offers mobile phone contracts specifically for those declined by high street providers. The business is also launching products designed to help UK companies reach customers who are typically excluded by traditional credit scoring methods.

The £2m investment, which appeared in filings during April 2026, is the largest single injection of capital in the company's history. Prior to this round, Noggin HQ raised £50k in January 2024. In late 2023, the firm completed two separate rounds, securing £370.7k in November and £234.2k in October. Its initial funding round in November 2021 raised £55k.

Financial records show the company has a headcount of five employees, though LinkedIn data suggests the team has grown to seven staff members. The startup operates from its headquarters in the North East, focusing on making access to credit more equitable through its digital price comparison and mobile service offerings.