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HyperJar, a fintech startup that offers digital wallets and B2B spending tech, has raised $24 million in funding. Founded in 2016, HyperJar is best known for its digital wallets and spending tech via its app, where users can track their finances, put money into savings pots, and earn rewards. "For the first time, we can really proactively market and grow our B2C offering which is HyperJar but also we have a very successful platform which can be made much more successful," Rob Rooney, HyperJar CEO, told Insider in an interview. "The critical part is building out that and our operating system which is an enterprise version for B2B purposes." The startup's funding comes from Susquehanna Private Equity Investments and the Healthcare of Ontario Pension Plan.
Persons: HyperJar, Rob Rooney, Rooney Organizations: North America, Susquehanna Private Equity Investments, Healthcare, Ontario Locations: Europe, North
The firesale of Credit Suisse to UBS is putting the banking world on high alert. A $54 billion loan from the Swiss National Bank wasn't enough to keep Credit Suisse afloat, and UBS stepped in. Credit Suisse suffered idiosyncratic problems, such as a spying scandal involving former CEO Tidjane Thiam, as well as crises relating to its relationships with hedge fund Archegos Capital and financial group Greensill Capital. "There's already a lot of soul searching about what fintech business models are," says Paul Rolles, an ex-Morgan Stanley managing director and cofounder of money-management service HyperJar. Rolles believes the banking issues of the past couple of weeks are as much about confidence as intrinsic issues.
An app that offers unsold food saw a 100% month-on-month rise in the first half of the year. Jenny Holden, who runs a PR firm in Staffordshire, told Insider that she's started having a pea protein shake for dinner once a week. More Brits are buying unsold food through appsToo Good To Go lets users buy unsold food for one-third of the price. One user of such unsold food apps is Penny Moyses, the founder of the Clean and Tidy Home Show, which offers household budgeting tips. The energy price cap has been extended by one year, but will increase by £500 ($613) from April 2023.
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