SPARQ, an Estonian fintech startup has signed an agreement with Banking-as-a-Service specialist Railsbank in November 2020 which will allow it to completely develop its personal finance platform devised to optimise people’s interaction with money.
Already in use with early adopters, it is for everyday use and aims to make its users feel that they are in control of their own money and break through the bureaucracy associated with financial services.
The startup is using the Railsbank platform to start the process of building out its mobile application with a series of offerings while also launching a prepaid card development project with Visa.
After completing the full integration of financial services with Railsbank, the company will be able to offer a full financial service pack inside its mobile application. The company said that this will allow users to better manage their finances as part of the whole SPARQ ecosystem.
What SPARQ has to say
Danila Belokons, CEO at SPARQ said, “This agreement signifies a very important milestone for SPARQ. We have already released our early adopter pack and we have seen a huge growth in new users to the platform, despite it being in the very early stages of development. Working with the Railsbank platform means we can use a wide range of its functions and draw on the team’s experience we roll out our product.”
What Railsbank has to say
Louisa Murray, VP at Railsbank and Head of Sales said, “SPARQ is building a great platform and we are enjoying working with the team as they develop their product. They are making full use of the Railsbank platform functions and making significant in-roads into simplifying financial services for its users. We wish them success as we continue to work together.”
About SPARQ
Sparq is a personal finance platform for millennials who understand the problem of not being fully clear on where they stand with their finances. The company provides the tools, knowledge and experience to overcome this problem.
Founded by Danila Belokons in 2019, the company is based in Estonia. The startup offers an early access plan which is available to only a selected number of users. As an early adopter, one can take part in the development of the project. They will also be provided lifetime access to the company’s elite services.
About Railsbank
Railsbank is a pioneer and innovator in the global Banking as a Platform (BaaP) sector, helping banks, businesses and brands to define the future of consumer and SME finance. Currently, Railsbank is live and enabling customers in the UK, Europe, SE Asia and the US and is the only global BaaP player. It was founded in 2016 by Clive Mitchell and Nigel Verdon.
Read Next Story Here
We try our best to fact check and bring the best, well-researched and non-plagiarized content to you. Please let us know
-if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback and thank you for stopping by!
[…] Read Next Story Here […]