Finndon secures FCA E-money agent license for Neobank

Finndon have secured FCA approval for their e-money agent license. This major step for the new digital banking app will enable the Neobank to offer current accounts with a range of smart budgeting tools and features that will not only help their customers keep track of their spending, but also teach them how to make their money go further. Bringing the Neobank one step closer to its mission of helping everyone to become financially free, no matter who they are or where they are from, Finndon firmly believes that no one should ever be disadvantaged when it comes to their money. Standing by their ethos that everyone deserves a seat at the table, the Neobank has stripped back the financial jargon which often leaves banking customers feeling confused and opened up the conversation on money in a way that the everyday person can understand. Providing the tools needed to take customers from spender to saver and guiding them on to the path to investor, Finndon will help empower its customers to take control of their money, bust their bad money habits and improve their relationship with their finances. On launch, Finndon will provide its customers:

• Free and paid current accounts
• Seamless peer-to-peer payments
• Free transactions abroad and low-cost international transfers, providing financial freedom wherever you are in the world
• Sleek budgeting features and smart ways to save that are designed to aid customers on their saving and spending goals with little to no effort

Premium account members will also benefit from exclusive perks designed to help customers save cash on daily expenses and the things they love, with discounts available for their favourite restaurants, beauty treatments and social venues. Aaron Archer, CEO and Founder of Finndon said: “Having FCA approval as an e-money agent license is a really exciting milestone for Finndon and I can’t wait to show everyone what we have in store. This takes us one step closer in building a bank that cares about its customers and achieving my personal mission of bringing financial freedom to the masses.” Earlier this year, Finndon founders invested a £2 million commitment to embed a robust and secure infrastructure, whilst undergoing activities to secure authorisation by the FCA. With plans to launch in 2021, Finndon will alleviate the stress and worry that can come from a lack of financial education and poor financial support from traditional banks.