Money Dashboard has integrated its personal finance app with investment provider Wealthify to allow customers to track their investments alongside their other financial accounts in real-time.
The Money Dashboard app lets users connect their various accounts, allowing them to see how much they have saved and spent, set budgets and plan for the future.
This is the first investment integration rolled out by the app, following on from Money Dashboard’s recent work with Monzo, Starling Bank and Revolut.
Wealthify offers several different investment products including ISAs, General Investment Accounts, and Junior ISAs and soon-to-be-launched Self Invested Personal Pensions – all available as both original and ethical plans, allowing people to invest in line with their values.
The partnership between the fintechs is an example of encouraging collaboration by Open Banking, the government-backed initiative aimed at giving consumers greater control of how their data is shared between regulated parties.
Money Dashboard CEO Steve Tigar commented: “Our mission is to help people from all walks of life master their money, so we’re delighted to be rolling out integrations with innovative fintechs such as Wealthify and making it simple for users to track their investments as well as their day-to-day spending and saving.
“Having complete visibility over one’s finances in real-time makes it much easier for people to understand their overall financial situation and to progress to where they want to be.
“This integration is one of a number of exciting new connections we’ll be making with providers across the financial landscape in the coming months.”
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Richard Theo, Wealthify CEO, added: “At Wealthify, we aim to make investing as simple, accessible and transparent as possible. Our integration with Money Dashboard is a fantastic fit for both brands, allowing our customers even greater visibility and control of their money.
“We are thrilled to be the first digital wealth management platform to partner with Money Dashboard – our values are closely aligned, and we have great respect for what they are doing.”
Money Dashboard completed a £4.6 million funding round earlier this year, taking investments from more than 3300 investors on crowdfunding platform Crowdcube. The funding is being used to grow the app’s community of users and boost the company’s staff.