Fintech startup Sprive is a “mortgage overpayment” platform aimed at the U.K. market that helps users repay their mortgages faster using automation and cash-back rewards. It claims to save users an average of £10,000 each over the lifetime of the mortgage. Sprive said the app works by letting homeowners pay off their mortgage faster through their everyday shopping, by automatically putting spare cash toward overpayments and continuously scanning the market to help customers find better mortgage deals. Users can pay toward their mortgage from a bank account linked to the Sprive app by shopping as they would normally with mainstream U.K. supermarkets. They then use cash-back offers, discount vouchers, and more in order to pay off a mortgage faster. It does this by allowing the user to save money on the interest on the mortgage and shave potentially years off the mortgage term. CEO Jinesh Vohra said Sprive gives lenders a more efficient digital means of being able to acquire new customers. “Every time someone shops or switches mortgages, we make money. Within 15 minutes of shopping, you get money towards your mortgage, and we scan the market every day for better mortgage deals. Every time a customer refinances, we get commission from the mortgage lender.”