Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Chip reports first profitable quarter

UK wealth app Chip has followed a number of mature fintech businesses in reporting its first full profitable quarter in Q3 2023, driven by strong cash inflows and rapid growth in its user base.

14 November 2023

News/startups

Stripe vets launch AI-powered wealth management platform

Technology veterans with stints at Stripe and Square on their CVs have raised $3.1 million for a new AI-powered wealth management platform.

10 November 2023

News/retail

BMO launches personal finance hub

BMO has launched a digital hub where customers can access personal finance advice and guidance as well as tools to help them budget and set money targets.

08 November 2023

News/retail

Intuit to close Mint, migrate users to Credit Karma

Intuit is shuttering its personal finance unit Mint and inviting users to switch over to its Credit Karma platform.

03 November 2023

News/retail

Subscription platform Youtility acquired by Squeeze

UK embedded subscription management platform Youtility has been acquired by American insurance price comparison service Squeeze. Financial terms were not disclosed.

26 October 2023

News/retail

Wells Fargo extends wealth platform to all customers

Wells Fargo is making its digital platform for helping people plan and track their money available to all consumer customers.

12 October 2023

News/people

New study finds 1 in 3 adults in the UK now focused on building savings

New research by Gatehouse Bank shows a promising shift towards a saving mindset in a period where 33% of UK adults have less than £1,000 saved up.

14 September 2023

News/retail

Ant Group launches AI model for financial apps

Ant Group announced that it has begun consumer and professional app testing for a finance-specific artificial intelligence (AI) model at the Inclusion Conference on the Bund in Shanghai this week.

08 September 2023

News/startups

African startups raise $2.7bn in VC funding

Startups in Africa's fintech market have secured more than $2.7bn in venture capital (VC) funding in the last two years, according to a recently released report.

30 August 2023

News/cloud

Bud taps Google Cloud generative AI tools to develop intelligent chatbot

UK fintech Bud has developed a generative AI core and chatbot for personalised customer insights using Google's PaLM2 large language model.

08 August 2023

News/startups

Vanquis Banking Group acquires money saving app Snoop

Vanquis Banking Group has acquired Snoop, the money saving app founded by former Virgin Money boss Jayne-Anne Gadhia.

31 July 2023

News/wealth

US online trading platforms launch in UK

The UK's retail trading platform market has become more crowded following the launch of two separate US ventures.

21 July 2023

News/payments

PayPoint faces law suit from energy charity

UK-based payment services provider PayPoint UK is facing legal action over alleged anti-competitive practices in the prepayment market

21 July 2023

News/payments

Square launches credit card for sellers

Square continues to round out its banking product suite, adding a credit card and cash flow management tools for its US sellers.

29 June 2023

News/retail

Spanish fintech ID Finance launches crowdfunding campaign

Spanish alternative lending platform ID Finance has launched a crowdfunding campaign, offering existing shareholders and clients as well as European retail investors the opportunity to participate in its recently closed €30 million equity round.

14 June 2023

News/retail

Standard Life partners Moneyhub for open finance integration

Standard Life is teaming up with Moneyhub to roll out an open finance-powered tool, Money Mindset, to its 1.5 million workplace pension scheme members.

01 June 2023

News/startups

Plenty launches fintech platform for millennial couples

Plenty, a financial platform that helps couples discuss, manage and invest their money, has raised $2.75 million in pre-seed capital.

24 May 2023

News/startups

GoHenry’s co-founder & COO on keeping course under acquisition and expansion

Louise Hill, co-founder & COO of the children’s financial education app, GoHenry, recently sat down with Finextra to discuss developing financial resilience at a young age and their recent acquisition.

19 May 2023

News/startups

Super.com raises $85m for savings super app

Super.com, an all-in-one savings platform, has raised $85 million in debt and equity to help it build out a WeChat-like super app.

25 April 2023

News/startups

Finanzguru raises €13 million in a funding round led by PayPal and Scor Ventures

German financial management app Finanzguru has raised €13 million led by new investors Scor Ventures and PayPal Ventures, with participation from existing backers including Deutsche Bank, coparion, VR Ventures, Hannover Digital Investments, Venture Stars and former Postbank CEO Frank Strauss.

05 April 2023

Personal finance