“The financial market is cluttered with hundreds of different products like car or life insurance, credit cards and loans. How do you find the best products to suit your needs? By asking those you trust most like friends and family.” Those are the opening lines to Like Money’s promo video.
LikeMoney is a South African financial network that allows users to compare and rate different financial products on the platform. Users can rate products ranging from car insurance, credit cards, motor warranty and savings accounts to debt rescue, medical aid and much more.
94 percent of South African mobile shoppers conduct online research before purchasing online. LikeMoney, which has been in beta testing since February 2016, makes the process easier by allowing users to make decisions on financial products based on what their friends, family and other social media users have recommended.
“LikeMoney is honest and fair in helping their customers and clients. The website provides unbiased, objective and independent information so users of the platform can evaluate the benefits of financial and consumer products,” says founder, Erez Atia.
When fishing for something as important as vehicle or life insurance, you definitely need all the help you can get.