Yolt, the smart thinking money app, has today announced it has reached 500,000 registered users since launching in June 2017.
Yolt empowers people to take control of their finances by enabling them to view their accounts, credit cards and pensions together in one place. From the beginning, Yolt has been on a mission to change the way people think about money through easy budgeting, spending categorisation and deal finding.
This half-million milestone comes during a huge period of growth for Yolt, both for the app and the company as a whole. With the announcement of two new markets, Italy and the imminent launch into France, Yolt has made its first steps to becoming a pan-European platform empowering more consumers to be smart with their money. In the UK, Yolt remains at the forefront of Open Banking becoming the first third-party provider (TTP) to successfully complete Application Programming Interface (API) connections with nine of the biggest high street banks in the UK (CMA9). As a result, Open Banking APIs enable users to view their bank accounts and credit cards in a fast, seamless and secure way.
Yolt’s mission to empower users to take control and make better financial decisions has also seen the app completely refresh its design based on user feedback. The top bar changes simplified the design to give users a quick, simple and customisable feature focusing solely on showing users the sum total balances across their accounts.
Yolt’s continued to realise its vision to become the only money app consumers need on their phone as it builds towards an ecosystem of partners across three key sectors: utilities & bills, financial products and leisure & experience. This has included integrations, with independent life insurance adviser, Anorak, hassle-free home insurance platform, Homelyfe and the pensions consolidation tool PensionBee. Additional partners are soon to be announced, alongside Yolt’s ambition to launch into the payments space.
Frank Jan Risseeuw, CEO, Yolt, said:
“Our community is at the heart of everything we do and we’re absolutely thrilled to announce we are now empowering over 500,000 registered users to be smart with their money. Entering the Italian market in September was a huge highlight as we extend our mission across Europe, giving more people the tools to manage their money with confidence, and we are looking forward to joining the strong Fintech community in France.
“It’s been a very exciting year at Yolt however, reaching these achievements would not have been possible without the feedback and suggestions shared by our community. We will continue to work closely with users as we explore exciting plans to expand the Yolt marketplace and adding payment capabilities in the app.