Yolt set to overhaul app under new CEO’s leadership

By Oliver Smith on Tuesday 4 August 2020

Savings and Investment

A “top-secret, closed iOS beta” has been launched.

Yolt set to overhaul app under new CEO’s leadership
Image source: Yolt.

Just weeks after the appointment of new CEO Nicolas Weng Kan, money management app Yolt today launched a new beta of its app ahead of a “substantial” update later this summer.

The overhaul of the app, which has until now been largely focused on giving a clear overview of your finances through account aggregation, will prioritise new savings features.

Yolt already boasts in-app partnerships with the likes of Raisin and Wealthify to help its 1.5m users find better ways to save and invest, but the next version of the app will supposedly take this even further.

“We want to make smart spending and growing savings achievable for everyone, whatever their financial situation, helping people to reach their personal life goals in ways that are effortless and tailored to them, whether that’s freeing up money for a safety net, stashing some cash for Christmas or saving for that house deposit a few years down the road,” said Yolt’s chief product officer Pauline van Brakel.

The overhaul is starting with a “top-secret, closed iOS beta” with the team saying that work on the Android version is “not too far behind”.

Along with the arrival of Weng Kan, Yolt this year has added car insurance from By Miles to the suite of services it offers through its app, as well as long-awaited integration with American Express in April.

“The world as we know it is changing and it’s the companies who can deliver innovation excellence, who will thrive for the good of their customers,” said Weng Kan on his arrival last month.

“Now, perhaps more than ever, is when open banking adoption is likely to have a transformative impact, whether that’s delivered through innovative money apps like Yolt or as a service to companies looking to bring new solutions to market quickly and efficiently.”

Yolt has put out a call on its blog for beta testers willing to try its new savings update.

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