Latest Personal finance News: Finextra Research

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

Company update/Personal finance

Frollo adds voice updates from Siri to PFM app

Frollo, the purpose driven Australian Fintech and leading provider of financial management and Open Banking solutions, has announced a new feature in their budgeting app that lets users check their real time balance using Siri and the company’s Open Banking connections.

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

Company update/payments

Mission Lane acquires Honeydue

Mission Lane, a purpose-driven financial technology company, today announced the acquisition of Honeydue (incorporated as WalletIQ), a financial technology company providing digital applications and banking services to help consumers manage their finances and develop stronger financial literacy and habits.

25 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

Company update/people

Wagestream taps motorway service area business Moto

The UK’s largest motorway services operator, Moto Hospitality, has rolled out a new financial wellbeing initiative for its 4,500 colleagues - partnering with charity-backed fintech Wagestream on a range of innovative services to help boost their financial resilience, including Earned Wage Access (EWA).

27 April 2021

Company update/startups

Vyne collaborates with Kinetic to allow two million students to pay their rent in three clicks

Vyne, the specialist account-to-account payments platform for eCommerce, is today announcing a partnership with Kinetic, the UK’s leading provider of student accommodation, event and catering management software for 80% of the UK and Ireland's universities. This partnership will see Kinetic offer Vyne’s payment solution to 2.83 million students renting accommodation.

27 April 2021

News/wealth

Nutmeg hits £3bn in assets after record growth

Digital wealth manager Nutmeg has announced that it has surpassed £3 billion in assets under management following a record 72% year-on-year growth.

27 April 2021

News/startups

Neobank 11Onze builds private social network for customers

Catalonia digital community bank 11Onze has launched its own money-focused, Facebook-like private social network for customers.

26 April 2021

News/payments

‘Massive’ potential for embedded finance in Europe - Solarisbank

Research by Solarisbank and the Handelsblatt Research Institute has found considerable conversion potential for e-commerce providers to offer financial services in Germany, confirming the significant opportunity embedded finance may hold across Europe.

26 April 2021

News/startups

Till raises $5m for kids' banking platform

With more than $5 million in funding in place, Till Financial has launched its collaborative family banking platform designed to help kids manage their money.

26 April 2021

Company update/retail

Freetrade launches 'The Great British Financial Literacy Test'

A new study has revealed how a lack of financial education has left people across the United Kingdom confused by their own money with detrimental effects on their confidence, mental health and financial wellbeing.

23 April 2021

Company update/payments

Plum introduces 'Money Maximiser' tool

Fast-growing Fintech Plum is today launching a new way to manage money with its Money Maximiser.

21 April 2021

Company update/retail

AbbyBank signs for Sensibill tech

Sensibill, the leading provider of everyday financial tools and SKU-level insights that drive personalization and help make financial wellness attainable for all, today announced that AbbyBank has launched its technology in partnership with FIS.

15 April 2021

Company update/retail

Envestnet buys Harvest Savings & Wealth Technologies

Envestnet (NYSE: ENV) announced today it has acquired fintech innovator Harvest Savings & Wealth Technologies, which provides automated goals-based saving tools and wealth solutions to banks, credit unions, trust companies, and other financial institutions.

08 April 2021

Company update/retail

Charity Making Space rolls out financial wellbeing benefits

Adult health and social care charity Making Space has become the latest organisation to roll out a new set of financial wellbeing benefits, including real-time pay - also known as Earned Wage Access (EWA) - in order to support employees' financial wellbeing.

17 March 2021

News/wealth

Santander launches savings and investment calculator

The UK arm of Santander has added a free savings and investment calculator to its website to help customers compare the potential returns on their money.

17 March 2021