This follows an initial investment of GBP 3 million in July 2018 by Bó. This bank is being developed by NatWest – part of RBS.
Loot launched in 2014 to help students and young people manage their finances and says it now has more than 175,000 sign-ups. All verified customers are provided with a prepaid debit card and offered personal insights into spending patterns.
Bó is currently in private beta testing, with a view to launch in 2019.
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