Emma, a budgeting app that aims to give customers a single view of their finances, aims to build a super app.
In Brief:
Emma currently offers a way to track day to day spending.
Currently, it has 600,000 customers in the UK.
It will add new services including stock trading, cryptocurrency and P2P payments.
What does this mean?
Many FInTechs that started with a simpler payment offering, like Revolut, are now developing super apps where customers can manage their finances in one place, with investing and saving as well as personal finance management.
