Minna Technologies announces partnership with Steven, the financial health app touted as the ‘best way to keep track of shared expenses’ and the ‘best app for settling debts amongst friends and family, by simplifying debts and reminding yourself and friends when to pay back’.
The partnership will allow Steven users the ability to identify and better manage their subscription-based costs, including the ability to cancel and manage recurring expenses directly from the app.
As the inflation cost of living hits the highest levels seen in forty years, we are seeing households of all types look to audit and assess their spending habits. From shared roommates’ expenses through to families, Steven makes it easier to split the cost and better manage these recurring expenses. With the ability to connect to 2,500 banks across Europe through open banking, just last month, the app had nearly 140,000 expenses created and debts settled for more than €1,600,000.
The Steven app, whose community has grown over 33% this year and whose growth is on track to double in 2022 to over 250.000, has seen 8.5K groups created last month alone.
Minna Technologies, the embedded fintech firm founded in 2016, currently supports over 20 million customers globally through integrations within major retail banks and fintechs across Europe. Minna’s integration into the banking app environment helps consumers to manage their subscriptions where they are already managing their overall financial health.
Andreas Arledal, CEO of Steven notes, “Through partnerships like our work with Minna, we can ensure Steven users have a comprehensive set of tools within the app and that they are served with all of their expense management needs. Minna is a natural partner in supporting the increasing trend toward subscriptions. Our goal is to make it easy to identify, control and distribute subscription spending across a group of people hoping to collectively manage their costs. We want to give consumers control through actionable insights and to do it in a way that reflects how people are living and paying for things, making it easy to split and share expenses easily and transparently.”
James Bryce-Lind, Head of Strategic Development at Minna says, “Our mission is to help create a problem-free subscription economy which empowers consumers to take control of their expenditure, which is particularly relevant with the rising cost of living. Together with Steven we are meeting consumers’ relevant needs by offering a flexible and customized solution that helps Stevens users manage their finances better!”