Yolt, the smart thinking money app, has today announced it has connected with its first investment partner – Wealthify.
The joint in-app integration will enable Wealthify customers to view their investments within the Yolt money app, creating a new era of empowerment for consumers and enabling users to have one holistic overview of their money in one smart place. Yolt has become the first money app in the UK to show users’ live investments alongside other financial accounts including their bank account, credit card and savings accounts and even pensions.
Wealthify shares Yolt’s mission to empower users to take control of their finances. Both companies want to challenge the way people think about money and help users to make smarter financial decisions in a simple and straightforward way.
The announcement follows Yolt’s most recent news of reaching over 500,000 registered users as it furthers its vision to become the only money app users need. Building on the Open Banking ecosystem, Yolt wants to provide users with the ability to do more with their money across a variety of areas, including utilities & bills, financial products and leisure & experience. This latest announcement follows recent partnerships with pensions consolidation tool, PensionBee, home insurance platform, Homelyfe and life insurance adviser, Anorak.
Frank Jan Risseeuw, CEO, Yolt, comments: " We’re delighted to announce our integration with Wealthify, offering our users an exciting option to view their investments alongside their other financial accounts and working towards our vision of becoming the only money app you need. We are excited to welcome our first investment partner to the app, providing users with seamless access to an investment tool and look forward to working closely with Wealthify and our other partners to encourage a greater number of people to unthink money and empower them to do more with it.”
Michelle Pearce-Burke, Co-Founder & CIO, Wealthify comments: “App-based, Open Banking architecture is one of the most significant and exciting developments in retail banking in the past 10 years and promises to bring transformational changes to the way people manage their finances day to day over the next decade.
“We fully support Yolt’s vision of the future of banking: effortless functionality, complete transparency and seamless access to top quality and relevant products and services, providing more choice and information to better enable consumers to make the right purchase decisions. Open Banking offers a game-changing level of accessibility to banking services that is akin to how our proposition is democratizing investing, by breaking down barriers and making information and choice ubiquitous.
“We’re excited to be working in partnership with Yolt to be able to offer their customers easy access to Wealthify investment services through the in-app Marketplace.”