#PFM / Curve goes crowdfunding five months after $95m Series C

Curve, the UK start-up which consolidates payment cards, is about to launch a new round on Crowdcube… Funds will go towards the start-up’s product development, including Curve Credit. The fintech began testing the new lending product in June 2020, ahead of a go-live later this year. The start-up currently offers its customers Apple Pay, GoogleContinue reading “#PFM / Curve goes crowdfunding five months after $95m Series C”

#PFM / Inside personal finance app Albert’s ‘Genius Bar’

Personal finance apps like Albert tout a future where money management happens automatically with minimal human intervention. Bill payments, savings, investing, you name it – everything just happens in the background, while consumers focus on living their lives. [Albert] … makes team members called “geniuses” available to its 5 million customers 12 hours a day,Continue reading “#PFM / Inside personal finance app Albert’s ‘Genius Bar’”

#PFM / Fintech Albert raises $100m

Since launching in 2016, Albert has signed up more than five million users, helping them to save over $500 million through financial automation. The company mixes this automation with a personal touch through its “Genius” team of real, human finance experts that have provided personalised advice in more than 10 million text conversations with customers.Continue reading “#PFM / Fintech Albert raises $100m”

#PFM / New York cash advance app Brigit reveals $35m Series A

Brigit automatically transfers up to $250 into a user’s account to help them avoid overdraft fees. It claims to save them – on average – $514 a year in overdraft fees. The cash advance provider, offering an alternative to payday loans, charges $9.99 a month for its Plus Plan, which offers instant credit, as wellContinue reading “#PFM / New York cash advance app Brigit reveals $35m Series A”

#PFM / Dubai-based Bankiom promises “new way” to manage money

Bankiom offers a card “accepted worldwide”, the ability to send and receive money through chat apps like WhatsApp, and instant payments. According to the firm, customer accounts can activate in under three minutes, and loan applications approved in 60 seconds. The fintech says it is a “new way to manage your money” from a firmContinue reading “#PFM / Dubai-based Bankiom promises “new way” to manage money”

#PFM / Walmart to create fintech start-up with investment firm behind Robinhood

[CEO of Walmart U.S.:] “For years, millions of customers have put their trust in Walmart to not only save them money when they shop with us but help them manage their financial needs… And they’ve made it clear they want more from us in the financial services arena.” The big-box retailer did not share theContinue reading “#PFM / Walmart to create fintech start-up with investment firm behind Robinhood”

#PFM / Self Financial Raises $40M

Self Financial (Self.inc) [is] … a leading fintech startup enabling consumers to build credit and savings… [Meritech:] “Self is addressing a systemic problem of financial inequality in the right way. It has built the technology while maintaining low operating costs to be able to offer accessible products and building lasting relationships with its customers…” SelfContinue reading “#PFM / Self Financial Raises $40M”

#FinancialInclusion #PFM / Mozper lands $3.55m to launch kid debit card in Mexico

Mozper, a debit card for kids and parents, has launched in Mexico following a $3.55 million seed raise… In August, Mozper – with the help of partner Visa – launched its closed beta with 500 families… Like many of its international competitors – goHenry, Greenlight, and Step who have also raised capital in recent monthsContinue reading “#FinancialInclusion #PFM / Mozper lands $3.55m to launch kid debit card in Mexico”

#PFM / MassMutual to acquire fintech Flourish to deliver ‘digitally-enabled’ financial planning

The acquisition will grow MassMutual’s product suite and will help the company to deliver “digitally-enabled financial planning”… Following the acquisition, Flourish will operate independently from MassMutual’s insurance and wealth management business but will leverage MassMutual’s resources and knowledge to expand the product offering. Flourish serves more than 350 RIAs that represent $600 billion of assetsContinue reading “#PFM / MassMutual to acquire fintech Flourish to deliver ‘digitally-enabled’ financial planning”

#PFM #AI / Financial assistant app Cleo raises $44 million

Cleo, a UK-based financial assistant for Gen-Z, has raised $44 million in Series B funding “to continue fighting for the world’s financial health”… [Founder and CEO:] “We’re building Cleo to become the financial advisor that a billion people need. One that talks to you like a real person, able to build trust and relationships likeContinue reading “#PFM #AI / Financial assistant app Cleo raises $44 million”