This afternoon, the US Federal Reserve cut its benchmark interest rate by 25 basis points. The Federal Open Market Committee decided to lower the target range for the federal funds rate to 1-1/2 to 1-3/4 percent due to muted inflation and the “implications of global… Read More
Read more in: Fintech | Tagged banking, digital banks, robinhood, savings
Raisin, a Fintech that provides an online marketplace for savers seeking better returns, has acquired fairr a retirement savings Fintech. Both companies are headquartered in Germany. The acquisition by Raisin comes following a recent funding round of €25 million from Goldman Sachs. The terms of… Read More
Read more in: Fintech, Global | Tagged clemens kabel, fairr, germany, jens jennissen, pension, raisin, savings, tamaz georgadze
UK challenger bank Monzo announced on Thursday it has formed a partnership with the Financial Capability Lab. According to the Monzo, the Financial Capability Lab was started in 2016 by the Money Advice Service, in partnership with the government’s Behavioural Insights Team. The startup also reported that… Read More
Read more in: Fintech | Tagged financial capability lab, monzo, savings, uk, united kingdom
Folio, a new savings app for the smartphone generation, has launched an equity crowdfunding campaign on Crowdcube and is seeking to raise £320,000 as it prepares to expand and bolster its marketing strategy. Founded in 2015, Folio has 4,000 users with approximately £180,000 saved. It previously… Read More
Read more in: Offerings | Tagged crowdcube, folio, mobile app, savings
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