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August 2, 2023

Money Management App Snoop Acquired by Vanquis Banking Group

Vanquis Banking Group acquires Snoop, UK's Innovative Money App

Exciting news in the fintech realm as Vanquis Banking Group secures the acquisition of Snoop, the innovative money management app. Founded by former Virgin Money CEO Dame Jayne-Anne Gadhia, Snoop utilizes open banking and analytics to uncover money-saving opportunities for users. With access to Vanquis' vast customer base and growth capital, Snoop is set to soar, empowering individuals to take control of their finances.

Snoop's cutting-edge technology harnesses the power of Open Banking, delivering personalized financial insights to users. Their mission is to make everyone better off by empowering individuals to optimize their spending habits, potentially saving up to £1,500 annually.

Vanquis Banking Group's acquisition opens doors for Snoop to serve its 1.7 million customers, ensuring widespread impact. With growth capital at its disposal, Snoop can further advance its vision of financial empowerment for all.

The acquisition has been smoothly executed, with minimal impact on Vanquis Banking Group's regulatory capital, cementing the compatibility of both entities in driving financial well-being.

As Snoop joins forces with Vanquis Banking Group, a new era of personalized financial management unfolds. This strategic alliance will bolster Snoop's reach and enrich the financial journey of millions, reinforcing their mission to improve lives through intelligent money management.

Neil Hodgson Coyle
Neil Hodgson-Coyle
Editorial chief at TechNews180
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