Financial tech innovator Moneyhub has entered a strategic partnership with Marygold & Co UK, a money management platform set to launch its app in early 2025.
Aimed at both individuals and small businesses, the Marygold & Co. app is designed to simplify financial management and savings without requiring users to switch bank accounts.
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Moneyhub will bring advanced Account Information Services (AIS) and Payment Initiation Services (PIS) to the app, enhancing its suite of features. These include customisable reminders, automated savings nudges, special savings pools, and hidden “piggy bank” options.
Moreover, users will also benefit from secure me-to-me transfer capabilities and competitive interest rates on their funds.
The app is tailored to meet diverse needs, offering innovative safety features for elderly and vulnerable users, ensuring greater financial supervision.
In addition to this, small businesses are also perched to benefit, with tools to maximise returns on idle funds and manage working capital more effectively.
This partnership underscores Marygold & Co.’s mission to radically simplify financial management, making it accessible for all. With its emotionally intelligent approach and robust technical foundation, the app is set to redefine wealth management in the UK.
Kim Jenkins, MD of API at Moneyhub, stated: “Given our aligned aims of improving the country’s financial wellbeing through innovation, we’re very pleased to be partnering 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.
“Going forward, we have no doubt that our partnership will deliver returns for consumers well into the future. 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.”
