3 fast-growing UK FinTechs in the personal finance space

By Gloria Methri

The significance of personal finance management apps has increased since the beginning of the pandemic. Tracking our daily, weekly, or monthly expenses and saving periodically is a beneficial habit and enables us to maintain a healthy financial condition.  However, tracking expenses, income, and investments consume a considerable amount of time and involves miscalculations.

Here are 3 personal finance apps that help customers digitally manage finances and reach savings goals-

• HyperJar

HyperJar is a B2C digital wallet that has over half a million customers in the UK. The wallet helps people plan and navigate their journey from depositing money to spending it, we digitise, capture, and reward their intent. These allow for partitioning, sharing, and exceptional control of money, as well as access to unique merchant rewards. The FinTech gives merchants a targeted and contextually relevant channel to drive desired consumer outcomes effectively and accurately through its rewards engine.

• Moneyhub

Moneyhub is a financial planning and budgeting app that consolidates a user’s finances in one place. With Moneyhub, one can connect their current, savings, joint, credit, mortgage, crypto, pension, and investment accounts and see all transactions in one place. The app also lets users create budgets, categorise spending, set and manage financial goals, view spending reminders, and access robust income, spending and investment insights. The app is available on desktop, iOS and Android devices.

• Plum

Plum is an app that empowers users to get their money motivated and build a better financial journey. With its unique automated tools, Plum helps people manage their finances and fight money inertia when it comes to making smart financial decisions. This includes helping people to automatically set aside money regularly, according to their goals.

The app also allows its customers to diversify and grow their money over the long term with its stock investing service. People can invest up to 3,000 US stocks commission-free.