Tagged: money management

Digital Banking Platform Monzo and Xero Provide Tax Filing Tips for Self-Employed Professionals

UK challenger bank Monzo has announced several updates. The digital bank confirmed recently that the Year in Monzo 2020 is now available via its app. As explained by the banking challenger, the Year in Monzo shows customers key insights into how they spent, saved, and… Read More

Fintech Apps for Budgeting are Actually Leading to Consumers Spending More Money Instead of Developing Good Savings Habits: Report

Research carried out by Think Forward Initiative and Eller College of Management, University of Arizona reveals that so-called budgeting apps are actually causing consumers to spend more money instead of helping them develop good savings habits. The design of a budgeting app usually involves showing… Read More

London’s AI enabled Money Management App Provider Cleo Secures $44M via Series B Round

After finalizing a $44 million investment round, UK’s AI-powered personal finance chatbot provider Cleo is asking its customers how it should spend its funds. Cleo’s round was led by EQT Ventures along with participation from existing investors such as Balderton Capital, LocalGlobe and SBI. Established… Read More

Singapore Develops Platform that Allows Residents to Consolidate their Financial Data

Singapore has introduced a data exchange platform that allows residents to consolidate their financial data which may be stored across several different databases belonging to various government agencies and banks. The data exchange solution has been developed by local government agencies, including the Monetary Authority… Read More

Financial Management App Provider Digit Adds Automated Investing Tool

San Francisco-based Digit, a financial management and savings company, recently added an automated investing tool to its app. Digit describes itself as a financial wellness expert that has assisted its customers with automatically saving around $5 billion and paying down more than $150 million in… Read More

Money Management App Yolt to Allow Debit Card holding Customers to Make Digital Paymens via Apple Pay

Yolt, a money management app, will now allow its debit card-holding customers to make payments through Apple Pay. The integration will let Yolt’s users complete digital payments via their iPhones or Apple Watches, instead of having to settle transactions with cash or their physical cards…. Read More

San Francisco based Tally, a Personal Finance Management Firm, Hires Executives for Growing its Product and Marketing Operations

Tally, a company that assists borrowers with paying off their credit cards and managing their spending, recently recruited two executives with considerable experience in Fintech while working at Betterment and SoFi. The San Francisco-based firm has appointed Anthony Schrauth as Tally’s new VP of Product… Read More

Seattle based Fintech Secure to Help Employers with Offering Financial Wellness Benefits to Workers

The COVID-19 pandemic has created a financial burden for millions of workers throughout the US as many people have lost their jobs or may not be earning as much due to reduced hours or pay. The Coronavirus crisis has also affected the firms that people… Read More

Money Manager Betterment Partners Dosh to Provide Cashback Offers for Checking Account Customers

Online financial advisor Betterment has teamed up with Dosh, an app that finds cashback deals for consumers and helps businesses acquire and retain customers, in order to offer cashback rewards for checking account customers. Betterment notes that they’ve created their no-fee, “hassle-free” Checking account because… Read More

Fintech Firm Truebill Secures $17 Million in Capital to Launch Personal Finance Management App

Truebill has secured $17 million in capital through a Series C investment round in order to help it with growing from a subscription management service to a comprehensive personal financial management (PFM) app. Truebill’s round was led by Bessemer Venture Partners. Eldridge, Cota Capital, Firebolt… Read More

Bengaluru based Fintech Startup Walrus Is Launching Personalized Debit Card for Teenagers to Encourage Better Money Management

Bengaluru based Fintech startup Walrus is launching a personalized debit card for teenagers. The company says it wants to help teens become financially “smart” from a young age so that they are able to effectively manage their finances as they get older and have more… Read More

Automated Money Management Platform M1 Finance Raises $45 Million Through Series C Funding Round to Build Finance “Super” App

M1 Finance, a U.S.-based automated money management platform, announced on Wednesday it secured $45 million through Series C funding round, which was led by Left Lane Capital with participation from Jump Capital and Clocktown Technology Ventures. The investment round brings M1’s total amount raised to… Read More

Money Management: Bank of America to Offer New Tool for Setting and Keeping Track of Financial Goals

Bank of America or BoA (NYSE: BAC) has introduced a digital tool, called Life Plan, which aims to help clients with setting and keeping track of their financial goals. The new tool is now available through the BofA’s digital banking app and official website. Life… Read More

Fintech Harvest to Offer AI and Machine Learning enhanced Financial Wellness Reports

US-based Fintech firm Harvest is reportedly planning to transform the existing credit scoring systems. Like many other Fintechs, Harvest will be using artificial intelligence (AI) and machine learning (ML) algorithms to offer clients a dynamic view of their financial profile. This should help people with… Read More

UK Fintech Rosecut, which Offers Wealth Management Services, Introduces Free Tools for Managing Finances

Rosecut, a wealth management service provider, has introduced free tools that were previously available only to high-net-worth-individuals (HNWIs). The Fintech company’s wealth management software suite has been designed to help clients with planning how to achieve their financial goals or objectives. The Wealthtech suite allows… Read More

Australian Digital Banking Challenger Alex Is Planning to Secure $7.1 Million via Series B Round

Australia based Alex, a digital banking challenger, is reportedly planning to secure about A$10m (appr. $7.1 million) in capital through a Series B investment round. As first reported by the Financial Review, Alex’s team of senior management professionals have been focused on acquiring additional funding by approaching various… Read More

LendingTree Launches Connected Bank Accounts & Other New Consolidated Money Management Features through Mobile App

Online lending exchange LendingTree (NASDAQ: TREE) announced on Tuesday the launch of a series of new features for My LendingTree users to help consumers better manage their financial lives. The launch of the latest features comes six months after LendingTree launched a free identity monitoring… Read More

Australian Fintech WeMoney Secures $2 Million in Seed Funding to Launch Financial Wellness Platform

Dan Jovevski, a Fintech professional and former banker at National Australia Bank (NAB), has reportedly helped his company, WeMoney, with securing $2 million in capital in order to provide a service that helps young consumers with making better financial decisions. As reported by the Financial… Read More

Razer Fintech and Franklin Templeton to Offer Digital Wealth Management Services to Millennials in Singapore and other Asian Countries

Razer Fintech has teamed up with Franklin Templeton in order to develop various digital wealth technology or Wealthtech tools for younger consumers. Franklin Templeton’s Singapore based subsidiary, Templeton Asset Management, and Razer Fintech, the financial division of Razer Inc, have committed to a Memorandum of… Read More

Automated Money Management Platform M1 Finance Doubles Assets in Six Months & Hits $2 Billion Mark

M1 Finance, a U.S.-based automated money management platform, announced on Thursday it surpassed $2 billion in assets on its platform, just six months after hitting the $1 billion asset mark. The company claims that it reached both $1 billion and $2 billion AUM thresholds faster… Read More

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