118 118 Money Tech Stack

Consumer credit and cards for underserved UK borrowers

Financial Services London 51–200 employees Founded 2013 Privately Held

118 118 Money is a UK consumer lender offering loans and credit cards to borrowers traditional banks often decline. The tech stack—AWS Lambda, Pega, Snowflake, PostgreSQL, DynamoDB—is production-grade but the company is actively replacing AWS in parts of its infrastructure while modernizing core tooling, a shift tied to cost optimization and technical debt reduction. Current focus is decisioning capability (Taktile engine rollout, rule prioritization) and mobile adoption, suggesting a push toward lower-cost customer acquisition channels beyond their high-volume inbound call center.

Tech Stack 18 technologies

Core StackAWS AWS Lambda Docker Terraform GitHub Actions Python PostgreSQL DynamoDB Redis SQL Server AWS RDS Snowflake AWS ECS AWS Fargate Serverless Framework Pega SQL Aurora

ReplacingAWS

What 118 118 Money Is Building

◆Challenges

Efficiency improvement
Customers experiencing financial difficulty
High volume inbound calls
Cost optimisation
Technical debt
Significant profitability growth
Customer outcomes
Business performance
Modernising technology stack
Investing in decisioning capability

▲Active Projects

Aws infrastructure and services
Business continuity and disaster recovery plans
Card acquisition
Mobile app adoption
Rollout of taktile decision engine
Modernising technology stack
118m8 financial fitness app
Lifecycle journey optimisation
Decision engine rule prioritisation
Open banking data integration

Hiring Activity

Steady15 roles · 4 in 30d

Department

Engineering

Data

Finance

Product

Support

Legal

Seniority

Senior

Junior

Manager

Mid

Principal

Company intelligence

Find more companies like 118 118 Money by tech stack, pain points and active projects

Get started free

About 118 118 Money

118 118 Money operates a direct-to-consumer lending platform in the UK, primarily serving subprime and near-prime borrowers. Since relaunching in 2023 with renewed brand visibility, the company has grown to 51–200 employees across engineering, data, finance, product, and support, headquartered in London. The product range spans unsecured loans and credit cards; they also operate a financial fitness app and are integrating open banking data to enhance lending decisions. The organization maintains a 4.8 Trustpilot rating and is in the midst of a technology modernization program that includes infrastructure redesign, decisioning-engine upgrades, and lifecycle journey optimization to improve profitability and operational efficiency.

HeadquartersLondon

Company Size51–200 employees

Founded2013

Hiring MarketsUnited Kingdom, Philippines

Frequently Asked Questions

What tech stack does 118 118 Money use?

AWS (Lambda, ECS, Fargate, RDS, DynamoDB), Pega for decisioning, PostgreSQL, SQL Server, Snowflake, Redis, Docker, Terraform, and Serverless Framework. They are actively replacing some AWS components as part of their modernization program.