Personal finance

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/crypto

Former AliPay UK CEO Rita Liu on how regulators are boosting crypto literacy

Finextra sat down with Mode’s chief commercial officer Rita Liu – also former CEO of AliPay UK, to discuss Mode’s recent partnership with trade association CryptoUK, and how market players and regulators are boosting adoption and education around crypto.

/startups

Bling Card enlists Treezor to build kids' pocket money app

Startup Bling Card has joined forces with SocGen-owned BaaS player Treezor to develop a prepaid pocket money card and financial education app for kids in Germany.

/retail

Chip closes biggest ever equity crowdfund on Crowdcube, raising £11.5 million

Money management app Chip has closed the biggest ever equity crowdfund on Crowdcube, raising £11.5 million from 12,954 investors.

/retail

Plum rakes in $14m of new funding

Money management app Plum has sealed $14m of an expected $24m series A funding round.

/retail

Chip crashes Crowdcube servers

Money Management app Chip opened its crowdfunding round to the general public Thursday and managed to crash Crowdcube's servers as the cash rolled in, hitting £7 million from an initial target of £1 million.

/retail

BofA's financial planning tool proves a hit

A year after launch, Bank of America's digital financial planning tool, Life Plan, has attracted more than five million users.

/payments

Westpac extends digital gambling block feature

Westpac has extended its digital gambling block feature to two million debit card customers of its St George, BankSA and Bank of Melbourne subsidiaries.

/security

RBC rolls out spending forecasting tool

Royal Bank of Canada has added a forecasting feature to its artificial intelligence-powered budgeting tool, Nomi.

/payments

PayPal adds savings to revamped super app

PayPal has given its app a major overhaul, adding a savings account and new in-app shopping tools and messaging features.

/startups

Credit building firm Self raises $50m

Self Financial, a fintech startup promising to help Americans build their credit while also saving money, has raised $50 million in a Series E funding round led by Altos Ventures.

/retail

Plum bids to triple valuation on latest crowd round

Money management app Plum is aiming to triple its valuation with the launch of a crowdfunding campaign at the end of September combined with a raise via institutional investors.

/people

AIB prioritises financial literacy with skills programme for 12-18-year-olds

In an effort to support 500,000 customers with their financial literacy, communication, critical thinking, and digital innovation by 2023, AIB has launched a skills programme for 12-18-year-olds called Future Sparks.

/retail

Indonesian BNPL giant Kredivo enters Vietnamese market

Kredivo has today revealed its market entry into Vietnam through a Joint Venture with family investment office Phoenix Holding.

/retail

NatWest launches app to help renters spilt shared bills

NatWest has developed an app called 'Housemate' that helps renters living in shared housing split and pay their bills.

/retail

VTB issues debit cards for children

The second largest bank in Russia, VTB, has just announced that it is offering free debit cards to children from 6 years old, in a bid to improve financial literacy at a young age.

/crypto

Liti Capital to finance ‘landmark’ case against Binance

Proceedings against Binance will be brought in the Hong Kong International Arbitration Centre by a group of disgruntled Binance customers who were unable to trade on the platform during this year’s infamous May 19th crypto crash.

/startups

Hapi launches app to help families invest for children's future

UK startup Hapi has launched an app designed to help parents plan and invest for their children's future.

/payments

RBC Ventures rolls out app for kids

Canada's RBC Ventures has developed a money management app and prepaid card that helps kids make their own earning and spending decisions.

/startups

UK 'social bank' startup Kroo raises £17.7m

Kroo, a UK startup building a "social" bank, has raised £17.7 million in Series A funding round led by tech entrepreneur Rudy Karson.

/startups

Malaysia's BigPay scores $100m investment

BigPay, the fintech arm of airline AirAsia, has secured an investment of up to US$100 million from South Korea's SK Group.