We have insured the big cash prizes with a premier global insurer. The smaller cash prizes come out of our marketing budget.
We are in an advanced stage of setting up our first partnership with a UK bank. As a result, we will be able to offer you FSCS insurance for your money and we will be able to earn interest on this money.
We will be using this interest to make our prizes even more attractive and continue providing our services free of charge.
We also plan to introduce other revenue-generating products in the near future. This will make our prizes even bigger.
The Depoway app is a free mobile app through which customers can win cash prizes by saving or spending at places they love.
The Depoway app is offered by Depoway Ltd. Depoway Ltd is a private company limited by shares incorporated in England and Wales with the company number 12820673. The registered office is at Office 300b, 182-184 High Street North, E6 2JA London, UK.
Depoway has been appointed as a distributor of electronic money on behalf of Modulr FS Limited. Modulr FS Limited is authorised by the Financial Conduct Authority as an Electronic Money Institution (FRN: 900573). Depoway is on the Financial Services Register with reference no. 902977. The Depoway app is not a bank savings account and doesn't pay interest. Depoway is registered with the Information Commissioners Office, with registration number: ZB008359.
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