Qube Money, a U.S.-based fintech, announced on Tuesday it has integrated with Plaid to help improve budgeting for its customers. Qube Money revealed that it creates secure, real-time connectivity between someone’s money and the Qube budgeting app.
“Qube’s mission is to align people’s use of money with their purpose for money and create financial fulfillment. Ultimately, Qube empowers people to experience more abundance, more joy, and more peace with money.”
Speaking about the integration, Ryan Clark, Founder and CEO of Qube Money, stated:
“Working with Plaid gives our clients more control over their finances. The most successful budgeting system is cash envelopes, but it can be hard. Our patented digital banking system makes it easy, empowering people to save money and stick to a budget.”
The integration announcement comes just a couple of weeks after Plaid integrated with Vesta to launch Guaranteed ACH, which is a payment solution that enables online automated clearing house (ACH) payments, as well as reduces fraud and fees incurred from non-sufficient funds. Ron Hynes, CEO of Vesta, further explained the ACH feature by stating:
“Guaranteed ACH allows businesses to accept direct payments without fear, eliminating one of the major hurdles to ACH acceptance and real-time payments, while also ensuring that millions of Americans with bank accounts but no payment cards have the ability to shop online.”
Plaid notably connects financial accounts at more than 11,000 financial institutions to over 2,600 apps and services across the U.S., Canada, the UK, and Europe.