Money management app Yolt has launched an ‘open beta’ for iOS and Android users in the UK, following the completion of a closed beta that began in October last year.

Yolt enables users to view their bank accounts and credit cards in one place, analyse which shops they are spending the most at, set budgets and plan for upcoming debits. Users can search for individual or recurring transactions, giving them a true view of how much money they have until payday.

Open beta is a software development stage in which everyone can download the app, whilst it is continually being reviewed and enhanced based upon user feedback and suggestions.

Yolt, which is backed by ING bank, is seeking to partner with other FinTech firms to add more features to the app. It is starting today with an energy price comparison offering, while a new deal for the comparison and execution of international money transfers is also in the pipeline.

Frank Jan Risseeuw, CEO of Yolt, noted: “Instant gratification is the norm. People want convenience, speed and customisation. Yolt understands that. We are a mobile app, designed to change the way people think about their finances and harness the power of open banking to make it easier for people to concentrate on the other things in life.”

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