Latest Personal finance News: Finextra Research

Snoop raises £15 million to fund international expansion

Founded by former Virgin Money chief Jayne-Anne Gadhia, smart money app Snoop has secured £15 million in Series A funding from American investment management firm Paulson & Co. Inc.

02 August 2021

News/payments

CMA mandates ‘Sweeping’ in big win for UK Open Banking

The Competition and Markets Authority (CMA) has ruled in favour of the Open Banking Implementation Entity’s (OBIE) recommendation to mandate Variable Recurring Payments (VRPs) as the mechanism for implementing Sweeping, injecting a further element of competition into the Open Banking market and ending years of opposition from some of the UK's biggest banks.

28 July 2021

News/retail

Finleap connect acquires Spanish Open Banking platform provider MyValue Solutions

Germany's finleap connect has acquired Spanish Open Banking platform MyValue Solutions.

28 July 2021

News/startups

CCAF, World Bank, World Economic Forum launch second Covid-19 fintech impact study

Building on findings and insights from its landmark 2020 survey, the Cambridge Centre for Alternative Finance (CCAF) is once again partnering with the World Bank Group and the World Economic Forum to investigate the impact Covid-19 has borne on fintech firms.

20 July 2021

News/retail

Researchers use bank data to understand how to reduce gambling-related harm

After analysing behavioural data from HSBC and Monzo customers, UK charity GambleAware has published a guide for financial services firms looking to help vulnerable customers.

15 July 2021

News/wealth

M1 Finance raises $150m

M1 Finance has hit a $1.45 billion valuation after raising $150 million in a Series E funding round for its "super app" offering automated investing, borrowing and banking products.

14 July 2021

News/retail

Comparing progressive vs traditional banks’ digital progress post Covid-19

Providing a view into the status of financial institutions digital transformation across the US, banking consultancy CCG’s recent survey ‘The Banking Battleground: Views From the C-Suite’ considers the attitudes and capabilities of banks toward digital in a post-pandemic world.

08 July 2021

News/inclusion

Norway leads the way for female opportunity

A study released by German digital bank N26 has found that Norway, followed closely by Finland and Iceland, is leading the charge with overall female opportunity, scoring highly on political representation, corporate leadership, and women’s legislation.

07 July 2021

News/markets

Wise completes largest direct listing in UK history at £8bn

Wise, one of the UK’s leading fintechs goes public on the London Stock Exchange today, with first trades expected to commence shortly after 11:22am BST under the ticker ‘WISE’.

07 July 2021

News/crypto

Emma to build super app

Budgetting app Emma is to expand its portfolio of services to include free stock trading, crypto, P2P payments, high interest savings accounts and credit scores.

23 June 2021

News/inclusion

Crediverso preps personal finance platform for US Hispanic community

Crediverso, a startup building a personal finance platform for the Hispanic community in the US, has raised $3.1 million in seed funding.

21 June 2021

News/inclusion

UN International Day of Family Remittances: 2020 beats forecasts

Launched in 2015 to build awareness of the contribution that migrant workers make to economies of their home countries, the UN’s International Day of Remittances (IDFR) this year welcomes a more positive picture than had been predicted by the World Bank.

16 June 2021

News/startups

Nude launches app to help first-time homebuyers

UK startup Nude has launched its app for helping aspiring first-time home buyers build up their deposits.

10 June 2021

News/startups

Aussie fintech BlackArrow moves HQ to Glasgow

Australian fintech player BlackArrow has chosen Glasgow as its new headquarters after securing financial support from the Scottish government.

10 June 2021

News/retail

Banking app Dave set for $4bn Spac deal

Banking app Dave is set to go public through a $4 billion merger with a blank-check firm sponsored by investment firm Victory Park Capital.

07 June 2021

News/startups

Truebill raises $45m for PFM app

Personal finance app Truebill has raised $45 million in a Series D funding round led by Accel and joined by Bessemer Venture Partners, Cota Capital and Eldridge Industries.

01 June 2021

News/retail

Acorns to go public via Spac

Savings and investing app Acorns is set to go public at a $2.2 billion valuation via a combination with Nasdaq-listed Spac Pioneer Merger Corp.

28 May 2021

News/payments

Twitter Tip Jar users cite PayPal privacy concerns hours after rollout

Hours after Twitter announced the new money transfer feature Tip Jar, early testers took to the social media platform to air their concerns over addresses being included in PayPal receipts.

07 May 2021

News/startups

Teen banking app Step raises $100m

Step, a teenager-focused US mobile banking startup, has raised $100 million in a Series C funding round led by General Catalyst and joined by Stripe and a host of celebrities including Will Smith and Jared Leto.

27 April 2021

News/startups

Greenlight hits $2.3bn valuation on $260m funding round

Greenlight Financial Technology, the startup behind an app and debit card for kids, has hit a $2.3 billion valuation thanks to a $260 million Series D funding round led by Andreessen Horowitz.

27 April 2021