Flex, a money management app, has been introduced in order to help people with solving their financial problems by effectively managing their finances.
Flex’s money management service can be accessed by opening a new account within minutes, the company claims. There’s currently a free and subscription-based service available.
The FlexPRO subscription can be purchased for £5 per month. It allows customers access to a virtual payment card and also lets them use Apple and Google Pay services. These features are not available with the company’s basic (free) plan.
As clarified on Flex’s official website, the “pricing and details are representative, but are not a legally binding offer and differ from those offered at the launch of Flex.” This means that if people want to take advantage of the current FlexPRO offer for £5 a month, then they might want to sign up now, because it may not be available later on.
The new Fintech company has been established by Neil Harris, the developer of the banking launchpad b.yond, and former Pockit employees, Jos Henson Grič and Paul Smith and Matt Burdis.
Henson Grič, co-founder at the Fintech firm, noted that Flex isn’t necessarily about doing anything new. It’s about “doing something that should have been done a long time ago and doing it really well,” Grič said.
Harris is the chief commercial officer at Global Processing Services, He’s also a board member at the Inclusion Foundation, a charitable organization that aims to help the financially underserved.
Flex’s services are not accessible right now, however, the Fintech firm confirmed that it’s in the process of preparing for a launch.
Samsung Electronics America, Inc. recently announced that consumers in the U.S. may now sign-up for and access Samsung Money by SoFi, which is described as a mobile-first money management experience. Samsung partnered with SoFi and Mastercard for the platform. According to Samsung, Samsung Money by SoFi brings a cash management account, accompanying Debit Mastercard and exclusive benefits to Samsung Pay.
Financial pressure or stress has become a part of the daily lives of many consumers, and now the COVID-19 outbreak has introduced even more financial pressure points or exacerbated pre-existing ones for individuals and families across the globe.
John Smallwood, president at Smallwood Wealth Management (and author of It’s Your Wealth – Keep It: The Definitive Guide to Growing, Protecting, Enjoying, and Passing On Your Wealth), notes that navigating these pressures and developing an effective financial strategy requires that we first figure out where these pressures are coming from.