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Fintech Insider Podcast by 11:FS
885. News: Zopa's Fintech Pledge hits 15m actions, Metro Bank mortgage asset fire sale, and FemaleInvest raises €10.3 million Series A
Aug 5, 2024
Clare Gambardella, Chief Customer Officer at Zopa, and Vadim Toader, founder of Proportunity, dive into significant fintech developments. They celebrate Zopa's Fintech Pledge hitting a remarkable 15 million actions and discuss Metro Bank's sale of a £2.4bn mortgage portfolio to NatWest. The conversation shifts to Female Invest's successful €10.3 million funding round aimed at empowering women in finance. They also explore Westpac's innovative initiative to provide debit cards for children, tackling the challenges of financial education for the younger generation.
01:06:28
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Quick takeaways
- Zopa's FinTech Pledge has achieved 15 million actions, emphasizing collaboration among fintechs to enhance consumer financial resilience during economic challenges.
- Metro Bank's sale of £2.4 billion in mortgage assets to NatWest reflects its ongoing financial restructuring amidst economic pressures within the UK banking sector.
Deep dives
Zopa’s FinTech Pledge Milestone
Zopa's FinTech Pledge initiative has reached a significant milestone, recording 15 million actions aimed at enhancing financial resilience among consumers during the cost of living crisis. Launched in 2022, this coalition includes 55 fintechs and tech partners, with the goal of achieving 25 million actions by 2025, representing one-fifth of the UK population. Actions encouraged include strategies such as transferring money into high-interest savings accounts and improving credit scores. The collaboration among fintechs and money charities has been pivotal in creating resources to foster consumer awareness and practical steps for financial well-being.
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