Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Greenlight raises $215m for kids' debit card

Greenlight Financial Technology, the startup behind an app and debit card for kids, has joined the unicorn club after closing a $215 million Series C funding round at a $1.2 billion valuation.

25 September 2020

Company update/inclusion

TotallyMoney launches app for better borrowing behaviour

Scale-up FinTech TotallyMoney has launched a new and exclusive app-only feature to help their three million customers gain a greater understanding of their borrowing behaviour and make better financial decisions.

22 September 2020

Company update/payments

CommBank launches bill prediction app

Commonwealth Bank (CBA) has launched Bill Sense, a new CommBank app feature that predicts future bills to help customers, especially those new to budgeting, to stay on top of their finances.

21 September 2020

Company update/startups

Snoop heads to Seedrs for crowdfund

After launching during the height of lockdown in April 2020,London and Norwich-based Fintech, Snoop, has today announced the money-saving app has been downloaded over 100,000 times in less than five months, quickly growing to 75,000 customers.

17 September 2020

News/startups

SmartPurse female financial advice platform launches

Women's rights campaigner Jude Kelly has joined forced with former banking executives Olga Miler and Jacki Zehner on a money coaching and learning start-up, called SmartPurse, aimed at making financial education affordable and accessible to every woman.

17 September 2020

News/retail

Goldman adds PFM tools to Marcus app

Goldman Sachs has added a personal finance management tool to Marcus, its online retail banking service.

15 September 2020

Company update/Personal finance

Meniga joins Nexi Open

Nexi, the leading Italian PayTech in digital payments, signs a partnership with Meniga, the world's leading fintech in the development of personal & business financial management solutions.

15 September 2020

Company update/startups

Chip raises £10.7m

Chip, the automatic saving app offering access to market-leading returns, raised a total of £10.7 million from the crowd and the government-backed Future Fund, as part of the company’s series A round.

14 September 2020

News/retail

Chip preps £10m crowdfunding campaign

UK smart savings app Chip says 25,000 people have pre-registered for its upcoming Crowdcube campaign, which aims to raise £10 million.

08 September 2020

Company update/payments

Saudi Arabian savings app Hakbah forms partnership with Visa

Hakbah, an alternative financial saving platform based in Riyadh, Saudi Arabia, today announced that it has signed a multi-year strategic partnership agreement with Visa, the world’s leader in digital payments, to issue Visa prepaid cards to its customers in Saudi Arabia and GCC.

02 September 2020

News/retail

NerdWallet buys UK's Know Your Money

American personal finance outfit NerdWallet is eyeing international expansion after acquiring UK-based comparison site Know Your Money. Financial terms were not disclosed.

28 August 2020

News/sustainable

UN Secretary-General: Digital finance is the optimal channel to deliver long-term financing of SDGs

The UN Secretary-General’s Task Force on Digital Finance has today launched an Action Agenda that justifies how harnessing digitalisation can empower citizens to be in control of their finances. This will in turn ultimately align with the needs collectively manifested in the Sustainable Development Goals (SDGs).

26 August 2020

News/sustainable

Alipay Ant Forest, the catalyst for enabling citizen action towards carbon reduction

According to the Green Digital Finance Alliance (GDFA), by introducing nudging and incentives on digital platforms, there is potential for substantial behavioural change among digitally-savvy consumers. This can act as a springboard for scalable global climate change mitigation and reduce 8.6% of emissions from public transport.

26 August 2020

News/startups

Teen banking app Copper raises $4.3m

Copper, an app-based banking startup targeting teens, has raised $4.3 million in a seed funding round led by PSL Ventures.

25 August 2020

News/retail

Hong Leong Bank launches app to help kids save

Malaysia's Hong Leong Bank (HLB) has launched a digital tool that helps young customers take charge of their own pocket money and savings.

24 August 2020

Company update/startups

Beanstalk launches kids' savings app

Beanstalk, the new investment fintech app focused on child savings, today launched to revolutionise the way families put money aside for their children’s future.

29 July 2020

News/retail

Revolut launches price comparison service

Digital banking app Revolut has called in Moneysupermarket's white-label technology business to help launch a price comparison service.

28 July 2020

Company update/startups

Moneybox crowdfunds £4m in four hours

Moneybox, the award-winning saving and investing app, has raised £4m in just four hours on Crowdcube, the world’s largest investment crowdfunding platform - smashing the 2020 record for largest number of investors in a single campaign.

28 July 2020

Company update/startups

Commonwealth Bank recruits fintechs for new digital services

Commonwealth Bank today announced the appointment of two strategic partners to help deliver new digital banking services to the Group’s 15 million retail and business customers.

28 July 2020

Company update/retail

PFM app for students Boro launches AI-powered peer benchmarking tool

Boro, the all-in-one personal finance platform designed just for college students, today proudly announces the official launch of MyBoro, a new suite of tools in the Boro app that uses artificial intelligence to make personalized recommendations that help students to track their spending, meet their budget goals, and compare how they stack up against their peers.

23 July 2020