Latest Personal finance News: Finextra Research

Fronted raises £20m to launch interest free ‘lifetime deposit’ for renters

Rental deposit lending business Fronted has raised over £20m in a debt and equity deal led by Fasanara Capital. This comes after Monzo co-founders backed the fintech in a £1m fundraise in May 2021.

24 November 2021

News/startups

VentureSouq launches $50m Mena fintech fund

Venture capital firm VentureSouq has launched a $50 million fund focused on fintech across the Middle East and North Africa (Mena) region and Pakistan.

23 November 2021

News/startups

Kids' investing app EarlyBird raises $4m

EarlyBird, a mobile app that helps parents and loved ones invest in the financial futures of their children, has raised $4 million in a seed round led by Reddit co-founder Alexis Ohanian's Sven Seven Six.

22 November 2021

News/payments

MFS Africa bolsters expansion with $100m fundraise

Africa’s largest digital payments network has raised $100 million in a Series C equity and debt financing round.

10 November 2021

News/crypto

Singapore Fintech Festival 2021: ‘We haven’t even fuelled the DeFi rocket’

During Singapore Fintech Festival’s panel session ‘Decentralised Finance: Redefining the Architecture’, ChainLink co-founder Sergey Nazarov and Celo CEO and co-founder Rene Reinsberg examine the forces currently driving the decentralised finance (DeFi) sector and how financial institutions should be approaching their DeFi and cryptocurrency strategy.

08 November 2021

News/sustainable

SDG corporate debit card launched by quartet of payments players

RailsBank, Toqio, and Mastercard have partnered with fintech platform HealRWorld, to deliver a corporate debit card that rewards sustainable businesses and promotes their commitment to the UN’s Sustainable Development Goals (SDGs).

05 November 2021

News/sustainable

COP26: How our wallets will save the world

Your money is a weapon. It can either be used to tackle the climate crisis or fan the flames. The United Nations’ climate conference in Glasgow, COP26, says it is time to have a serious discussion about how our money can be deployed to save the world.

03 November 2021

News/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.

03 November 2021

News/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.

21 October 2021

News/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.

18 October 2021

News/retail

Plum rakes in $14m of new funding

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

15 October 2021

News/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.

07 October 2021

News/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.

06 October 2021

News/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.

04 October 2021

News/security

RBC rolls out spending forecasting tool

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

24 September 2021

News/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.

21 September 2021

News/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.

16 September 2021

News/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.

15 September 2021

News/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.

06 September 2021

News/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.

27 August 2021