Moneyhub, Marygold & Co UK partner to launch new wealth app

By Gloria Methri

Moneyhub has announced its partnership with Marygold & Co., Britain’s money management app for individuals and small businesses, to enhance its app capabilities.

Marygold’s app, which is due to launch early in 2025, streamlines customers’ ability to save without needing to switch banking accounts. It was founded with a commitment to simplifying financial management. Moneyhub will enhance the app’s capabilities by providing Account Information (AIS) and Payment Initiation (PIS) services.

Among Marigold’s innovative features are customisable reminders, automated savings nudges, special savings pools, hidden “piggy bank” options, and secure me-to-me transfer technology. The company also offers users competitive interest on funds held.

Catering to a wide range of demographics, the app also introduces safety features to help with financial oversight for the elderly and vulnerable. Small businesses will also have access to competitive interest rates on their working capital and cash, allowing them to maximise returns on idle funds and better manage their finances.

Kim Jenkins, MD of API at Moneyhub, said, “Given our aligned aims of improving the country’s financial well-being through innovation, we are happy to partner with Marygold & Co. UK as they prepare for launch. Armed with a myriad of Open Banking and Open Finance-enabled tools, the app is set to deliver fantastic outcomes for consumers and businesses alike. At our core is a desire to share in our API capabilities to improve outcomes for as many people as possible, and this is demonstrated by the breadth and variety of our partners.”

Matthew Parden, CEO of Marygold & Co. UK, added, “Our partnership with Moneyhub underscores our commitment to delivering a truly transformative financial management experience. By leveraging Moneyhub’s advanced Account Information and Payment Initiation services, we’re able to offer our users unparalleled insights and control over their finances, making it easier than ever to save, manage, and grow their wealth securely and efficiently.”