Kalgera Introduction

Each year, around five million older people in the UK fall victim to scams, collectively losing an estimated £1.2 billion. Health factors and life events can contribute to financial vulnerability and increase the likelihood that a scamming attempt will be successful.

Dr Dexter Penn, Clinical Research Fellow at the UCL Dementia Research Centre, observed this problem daily through his clinical work in elderly care. It came into sharp focus when a patient fell victim to scams and lost the money to pay for his place in a care home. After an emotional visit from the patient’s only surviving relative, Dexter was compelled to provide better financial safeguarding.

Vision: To provide financial safeguards that help people thrive.

Mission: To safeguard the financial lives of vulnerable people in a secure and holistic way.

Watch: Kalgera in action



Kalgera protects your loved ones’ finances anytime, from anywhere whatever your circumstances. Be proactively alerted when your loved one needs your input.


Loved Ones

Kalgera helps you better understand your finances and alerts your trusted friends and family to problems earlier without you having to give up control of your money.

What is financial vulnerability?

Half of all adults show signs of potential vulnerability. The Financial Conduct Authority (FCA) surveyed nearly 13,000 UK consumers and identified the most common causes of financial vulnerability to be:

  • low financial resilience

  • experiencing one or more recent life events

  • low financial capability

  • health issues affecting day‐to‐day activity

Individuals may show one, two or more of these characteristics representing 25.6 million UK adults who may be at increased risk of harm. Financial vulnerability is often recognised too late and this leaves those affected and their caregivers.

Research suggests that unrecognised cognitive impairment leads to financial losses of £10,000 to £50,000 per household before relatives realise a problem exists and we want to change this by allowing people to be more proactive.