koto is credit on
your mobile
If you are not eligible for credit yet, we’ll give you a
mobile payment account until you are 
Check your eligibility directly in our app. Just enter your mobile number and we’ll do the rest.
koto is credit on
Extra and spread features koto is multiple features packed into one product
Extra Credit
When you need it
-
Fixed fee
£ 0.20 per day -
Fixed daily fee, no matter how much you borrow
-
Turn Extra on and off in the app - you are in control
Representative example
Assumed Credit Amount
£ 500
Fixed charge
£ 0.20
per day
Representative APR
29.2%
variable
Spread Credit
-
Fixed fee
£ 10 per month - Spread the cost of items over a period that suits you - one fee no matter how many plans you have
-
Spread the cost of purchases over £100 for a period that suits you
-
Use Spread anywhere you see the Mastercard logo
Representative example Spread Credit Facility
Assumed Credit Amount
£ 1 000
Fixed fee
£ 10
per month
Representative APR
23.7%
variable
Use koto as your main account: spend your own money, use bank transfers, have your salary paid directly into your account, or load cash.
‘Extra’ credit works a bit like an overdraft, letting you spend over your balance for a small daily fee.
‘Spread’ credit lets you pay for larger purchases over a fixed period. Think point of sale finance but better, because it works everywhere!
Simple Application
Your koto journey starts with a simple application on your mobile.
-
Download our great app from your app store
-
Scan your passport or full driving licence
-
Answer a few easy questions
It only takes a few minutes and your credit score is protected if you are not eligible for credit.
You need to be 18 or over and a UK resident to apply.
We’ve got the basics covered
A koto account gives you everything you would expect...
Spend
-
Use koto anywhere you see the Mastercard logo
-
Use cash when you need to - with no fees for cash withdrawal
-
Spend overseas with the best Mastercard rates and no fees
-
We don’t charge you to use your own money!
Total in December
£500.00
Transfer
Instant transfers with faster payments to and from UK bank accounts
Set up Direct Debits and recurring payments
App-based credit
koto is designed for your mobile. Which means that as well as a card at your fingertips, you also get...
