Yolt, a new money platform backed by ING, one of the leading banks in Europe, has launched its open beta today for iOS and Android, offering users across the UK access to a new way of managing their money smartly and intuitively. The app has been tested and improved in closed beta since October last year, and is now ready to invite more people to the platform. Yolt brings the UK market one step closer to Open Banking.

Yolt enables users to view their bank accounts and credit cards in one place, see what shops they’re spending the most (and the most often) with, set budgets and plan for upcoming debits – giving them a real view of how much money they have until payday, without the hassle of trawling through their transactions manually. The aim of the app is to challenge the status quo of money management, taking away the pain of managing finances, and allowing people to save time and enjoy life more by focusing on money management less. Yolt will partner with other fintechs to add exciting new features to the app, starting today with an energy price comparison offering.

Frank Jan Risseeuw, CEO, Yolt, comments:

“In modern life, the phrase ‘time is money’ has never felt more apt. But fewer people have either the time or the desire to actually look after their money effectively. Instant gratification is the norm - people want convenience, speed, and customisation. Yolt understands that. We’re a mobile app, designed to change the way people think about their finances, and harness the power of open banking to make it easier for people to focus on the other things in life.”

Pauline van Brakel, Head of Strategy & Marketing, Yolt, adds:

“At Yolt, we make managing your money clear, understandable and, whisper it – even enjoyable - so users can make the most of life. Yolt provides a new way of thinking about money, giving people the power to take control and make smart decisions.

“Everyone has their own habits and routines, especially when it comes to saving, spending and budgeting. Over the last 16 months we’ve spoken to people about what matters most to them, building on their insights to create the best version of Yolt possible. We’re inspired by the lives and stories of our users, and want to create solutions based on those real life situations within our app.”

This is just the start of an exciting journey for Yolt. Both the app and the proposition are continually being reviewed and enhanced to ensure users get the most relevant, useful features for them. The app is now available to download on the app store for iOS users, and the Google Play store for Android users. To find out more, visit www.yolt.com.