Neo-bank Moven launches in UK
Moven, a US-based mobile banking venture, has expanded into Europe by launching its app in the UK.
The digital money management service can be downloaded on iOS and Android and linked to users’ bank accounts. This allows the app to monitor and track spending habits of the users, and offer insights on their monthly spending.
Moven founder and CEO Brett King said that the company plans to expand operations across other regions in Europe eventually.
“Going by our quick release of the UK platform, we can’t wait to start working with other bank partners in the UK and across the rest of Europe. That way, we can further our aim of helping millions of people across the world monitor their spending and get saving,” King said.
Moven previously also struck partnerships with Canadian lender TD Bank and WestPac in New Zealand, to offer them access to money tracking services.