A proof of concept helping self-employed workers demonstrate loss of income from COVID-19 to HMRC.

This has yet to be given the green light by the UK Gov, join our waitlist to be the first to know.


Tell us how you're affected


Fill in your company details


Link your primary bank account


Receive and send your report

Why are we doing this?

In 48 hours a team from the Fintech community got together and built a working proof of concept. It allows a sole trader in the UK to self-certify that they have lost income and prove their previous 12 months of income by connecting to their bank account.

This is possible due to the unique capabilities in the UK banking system called "open banking". Recent transaction history provides proof that income has been affected recently and by the crisis.

Whilst the proof of concept is not publicly available, it works, and by creating something that works the hope is to demonstrate that this service could help the 5 million self employed through the COVID-19 crisis. And if you're finding yourself in a jam and need to borrow a small amount such as £100 for a few months, be sure to check out Wage Day Advance. They're a reputable UK loan company specialising in small amounts over short terms.

We urge the UK Government to collaborate with us, the Fintech community, to help solve the rapidly evolving problem facing the UK self employed community.

If you are currently receiving benefits such as Universal Credit or a disability living allowance you may be eligible to apply for a cash loan of up to £5,000. For more information visit the loans for people on benefits page on Boutell.co.uk. There you will learn what sort of benefits are classed as income for lending purposes and which are not.

We are here and we are able. This service is ready to go live, but we are waiting on input and support from the UK Government before we do so. Sole traders could use Covid Credit’s proof of concept to generate a self-certification of income loss to send to HMRC.

Where else can i get help?

Self Employment & Universal Credit

Universal Credit is a monthly payment to help with your living costs. You may be able to get it if you’re on a low income or out of work.

Employment & Support Allowance

You can apply for Employment and Support Allowance (ESA) if you have a disability or health condition that affects how much you can work.

Covid-19 Small Business Government Grant

The Treasury has announced a £3,000 grant for businesses that do not pay business rates to help them survive the coronavirus pandemic – how do you apply for it?

Coronavirus Business Interruption Loan

How to apply for the new Coronavirus Business Interruption Loan scheme to help small business survive during the COVID-19 outbreak

Citizen’s Advice

If you don’t have enough to live on, you might be able to get help from your local council or an interest-free loan from the government.

Emergency Funding

A cash crisis could be caused by anything from delayed benefits to job loss that leaves you severely short of money that you need for essentials like food. If you find yourself in this situation help is available.

Covid Credit

Covid xCredit was designed and created by the UK Fintech Community. With input from:

Fronted 11:FS 11:FS