Latest Personal finance News: Finextra Research

KeyBank buys loan forgiveness counselling provider

KeyBank has acquired GradFin, a public service loan forgiveness counselling provider. Financial terms of the deal were not disclosed.

11 May 2022

News/startups

Canada's Neo Financial becomes a unicorn

Canadian fintech Neo Financial has hit unicorn status off the back of a C$185 million Series C funding round led by Valar Ventures.

09 May 2022

News/retail

Bank of Ireland invests €2 million into awareness campaign for consumers moving banks

This week, the ‘Big Move’ campaign will feature on TV, radio, print, outdoor, digital and social media, directing account movers to a range of useful supports including step-by-step guides, a dedicated phone line and an online hub to help them with the move.

09 May 2022

News/inclusion

Apple deploys $25 million to entrepreneurs via social good fintech CNote

As part of its Racial Equity and Justice Initiative, Apple has committed $25 million to eradicate systemic racism in the US and empower entrepreneurs of colour.

05 May 2022

News/crypto

Coinbase: 33% of UK consumers have purchased cryptocurrency

Consumer research from Coinbase and Qualtrics has found that a third of UK consumers have previously purchased or still own cryptocurrency.

05 May 2022

News/retail

Truist buys savings gamification app Long Game

American financial services giant Truist has acquired mobile savings gamification app Long Game. Terms of the deal were not disclosed.

03 May 2022

News/retail

ABN Amro partners Gimi on kids' financial education app

ABN Amro has teamed up with Swedish children's financial literacy startup Gimi on a co-branded app.

26 April 2022

News/startups

Wagestream closes largest ever ‘fintech-for-good’ fundraise

Financial wellbeing app, Wagestream, has executed a $175 million series C funding round, as it prepares to bolster support for underserved, frontline workers beyond the UK. Finextra caught up with Wagestream’s CEO and co-founder, Peter Briffett, to learn more.

13 April 2022

News/payments

Revolut raises €10 million for Red Cross Ukraine appeal

Launched on the 25th February, Revolut enabled millions of its customers worldwide to instantly donate to the Red Cross Ukraine Appeal, targeted at supporting victims of the war in Ukraine. The €10 million was raised through donations of Revolut customers, which were then matched by Revolut itself.

11 March 2022

News/retail

Acorns raises $300m after abandoning Spac plans

Having ditched plans to go public via a Spac, savings and investing app Acorns has raised $300 million from private investors at a $1.9 billion valuation.

10 March 2022

News/retail

Irish postal service takes on incumbents with Tink money management app

Irish postal services provider An Post has teamed up with European open banking platform Tink, to bring new money management services to its customers.

01 March 2022

News/retail

Toucan takes flight with Dragon’s Den investment

Nine days after its official launch, the Toucan app locked-in investment through a slightly unconventional approach for fintech - BBC One’s Dragon’s Den.

18 February 2022

News/retail

Plum prepares US stock investing product launch

European money management app Plum plans to launch a product for users to invest in US stocks in Q1 this year, adding EU and UK stocks, and crypto assets later in 2022.

11 February 2022

News/sustainable

Tink embeds subscription app Youtility into money management suite

Open banking platform Tink is working with subscription technology firm Youtility to provide UK retail banks with embedded subscription and money management tools.

09 February 2022

News/retail

Monzo beats Starling on overdraft requests, claims Built for Mars

Built for Mars’ Peter Ramsay, creator of widely acclaimed UX case studies has released another comparison piece, dissecting the strengths and weaknesses of the overdraft experience provided by challenger bank rivals, Monzo and Starling.

04 February 2022

News/retail

Santander bets big on BNPL with new service Zinia

Santander today announces the launch of Zinia, its new buy now, pay later (BNPL) service in Germany.

26 January 2022

News/wealth

Acorns co-founder raises $20m for micro-investing apps

Acorns co-founder Walter Cruttenden has raised $20 million in Series A funding for his latest venture, Ant Money, and merged it with another of his fintech firms, Blast.

22 December 2021

News/payments

Irish banks’ mobile payments plan hits roadblock

A payments app developed by Ireland’s high street banks to compete with digital banks has hit a snag after it was announced that the Competition and Consumer Protection Commission (CCPC) would launch an investigation.

09 December 2021