5 min read.
News from Dozens

A new era of Dozens, thanks to our customers

22 October 2020

An era built on dreams... and new tech.

We started with just a few employees, a very small office, and a dream to build a financial service that helps people reach their financial goals.

Two years down the line, and we’re now helping 50,000 customers on their financial journey. So we can keep doing what we’re doing, and help even more people, we’re upgrading. 

Here’s what’s changing as we move towards our new epoch: 

New partners

Around a year ago we announced that we’d be waving a fond farewell to MasterCard and moving forward with Visa

Since then we’ve been busy in the background getting this all set up, and it’s just about ready.

New Visa Debit cards will be launched, including an exclusive Dozens Black card.

It isn’t just Visa that we’re welcoming aboard, though. We’re also partnering up with ClearBank and Marqeta who are helping us prepare to take Dozens from strength to strength and serve many more customers in the future. 

These new partnerships will make way for some exciting...

New features

New sort codes and account numbers

We’ll be issuing new sort codes and account numbers. This is thanks to ClearBank and (in a complicated, technical, behind-the-scenes way) allows us to offer things like…

Direct debits & standing orders

An oldie but a goodie – direct debits and standing orders will be available in Nov/Dec so you can do even more of your day-to-day money management with Dozens.

Virtual cards & mobile payments

Maybe you’re not one for carrying around cards when your whole world is on your phone. Our new virtual cards and mobile payments mean that you can pay your way, however you like. 

New financial products

In the next few weeks and months we’ll also have new financial products including:

  • Multi-asset funds created and managed by a global manager, containing a mixture of equities and bonds in a single fund (capital at risk).

  • Structured deposits, where the principal sum you invest is protected and you can participate in some of the upside in the rise of the FTSE 100 over the next three to six years (this product is FSCS protected, and your capital is not at risk)

  • And, for our high net worth (HNW) customers, we’re working on a hedge fund-type product together with our institutional backers - that will look to give absolute return exposure to Asian credit markets (capital very much at risk, and aimed at HNW individuals only). 

 

There’ll also be a bumper issuance of the Dozens Saving Plc 5% p.a. Fixed Interest Bonds, and you’ll be able to transfer your stocks and shares ISAs to us.

A new home for all your financial needs

In the not too distant future, we’ll be adding even more features and products, so that you can:

Spend on what you need
Grow your savings
Invest in the world 
Protect what you love
Borrow for a home

It might be a new era, but there’s one thing that will always stay the same: our commitment to improving financial wellness, so you can not only achieve your dreams, but feel safe, supported and content on your journey towards them. 

Capital at risk.

When you invest your money is at risk, as the value of your investment may go down as well as up and you may not get back the amount you originally invested. 

We are not a bank. We are authorised by the Financial Conduct Authority as an e-money institution (FRN 900894) and also as an investment firm (FRN 814281). 

Dozens does not provide financial or tax advice of any kind. If you have any questions with respect to financial or tax matters relevant to your interactions with Dozens and our investment products, or you are unsure about investing, you should consult a professional adviser. 

Bonds are not FCA regulated products and FSCS protection does not cover the bonds. Dozens’ Fixed Interest Bonds are allocated, issued and administered by Dozens Savings Plc. The interest offered by Dozens’ Fixed Interest Bonds will not fluctuate even in different market conditions. All of your money to be invested, plus the full 12-months interest, will be placed in a separate trustee-controlled account on your behalf. This would be used to pay you in the event of any default. The bond programme currently has a maximum limit of £7m, with expected issuance volumes of between £100k-£1m a month.

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About Dozens

Dozens is the new home for your money. It helps you save and grow your money. By bringing together a current account, savings tools and investments – all in one place. Find out more

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