Tyl by NatWest teams up with Pennies to support UK charities

By Megha Bhattacharya

Tyl by NatWest has teamed up with UK-based FinTech charity Pennies. The collaboration will grants a proportion of profit to charities, meaning that Tyl customers can benefit causes offering support to UK communities by choosing to adopt Tyl as their payment partner.

The companies stated that Macmillan Cancer Support, The Prince’s Trust and Hospice UK are the first three charities to benefit from this initiative. These charities have received grants worth more than £10,000 each.

Mike Elliff, CEO, Tyl said, “Empowering small businesses to support local communities is a core aspect of our purpose at Tyl. Through our partnership with Pennies, we are proud to contribute to grants for Macmillan Cancer Support, The Prince’s Trust and Hospice UK, who each deliver vital support to communities across the UK. Being able to provide this funding in-part through our platform is a great example of the added value that the fintech and payments sectors can bring to society. We hope to continue to play a key role in helping to protect income for charitable causes as the country rebuilds for the future.”

Tyl also said that it will be donating a small proportion of profit to Pennies, to help the charity develop the digital micro-donation movement in the UK. Tyl is also planning a wider programme of charitable initiatives, known collectively as ‘Give Back’, which will offer support for good causes operating in local communities across the country.

Tyl by NatWest aims to make it easier for small business customers across the country to receive payments in-store, online and over the phone. It offers next-day settlement for users, helping businesses to manage cash flow during covid-19 and beyond.

Alison Hutchinson CBE, CEO, Pennies said, “Pennies is delighted to partner with Tyl on their innovative Give Back initiative. It has never been more important for businesses to have true social purpose, and Tyl have shown inspiring commitment to charities and local communities by building this into their model from day one.

“We are pleased to have helped Tyl by granting over £30,000 to three fantastic charities so far and are grateful to Tyl for their support for Pennies’ own charitable purpose: growing more income for UK charities with micro-donations. We look forward to working with Tyl on future elements of Give Back to make an even greater impact.”