Breakthrough Year

2019 proved a breakthrough year for CompareTT.com with applications for finance reaching TT$741m and over 21,000 applications in total made on the site across credit cards, mortgages, car loans, personal loans and insurance, Over the year Compare established itself as the leading online platform for customers searching for finance and insurance in T&T and an essential marketplace for providers looking to reach consumers online where they are most active and searching for their products.

Behind The Headlines

The platform is also a huge measure of the changing consumer trends and expectations and here are five things we learned:

1. 40% of consumers in T&T visited Compare (383k)
2. 94% of visits we made on smartphones
3. 63 NPS gave Compare a record customer satisfaction rating
4. 36 was the average age of applicants showing a maturing online audience
5. 82k consumers singed up for personal finance news and alerts

Investment 2020

Over the course of 2020 Compare will be launching a range of new solutions including our new car finance platform, loan pre-approvals and provider portals for easier lead management. The site will also be launching an all new guide section as well as student loans, car leasing, used car loans, broadband, SME finance and car listings. This marks the confidence in the need for increase products and solutions for our consumers and partners and an ongoing investment in the region as 100% of development work will be based locally and developed using SCG’s own CORE LMS platform.

Speaking on behalf of Compare, CEO Robbie Burns stated that “Over 2019 Compare exceeded even our own expectations in terms of consumer numbers and volumes of transactions. in 2019 Compare demonstrated a clear gap in the market between consumers and access to financial products and information and to that end Compare has become in important platform for financial inclusion via access to education and applications online. Through this demand we are confidently looking forward into the rest of 2020 with an increase in our investment in Compare including our launch in Barbados delivered by our locally based development teams.”

About Compare
Compare is the Caribbean’s leading marketplaces for financial products and services including insurance, credit cards, mortgages, car finance, personal loans and broadband. Compare is free for consumers to use and enables them to search, compare and apply online for their preferred products saving them time and money. Compare is live in Jamaica and Trinidad & Tobago and has a partner insurance site in Barbados ‘BestQuoteBB.com’.