Betalo unleashes Swedish neobank PFC
Stockholm-based payments firm Betalo has launched its neobank Personal Finance Co. for crystal clear intentions.
Eli Daniel Keren, CEO at PFC, says it is Sweden’s first neobank: “We have been building for months, tweaking some things, and now we are ready to share it. Join our journey and check out our app.”
PFC offers a free contactless Mastercard card and an app. The bank says it doesn’t add any fees or extra charges when the card is used abroad.
It offers the options to activate, freeze the card, change PIN, order a new card and chat with support – in the app. As you’d expect, users can personalise their financial feeds on the app to set goals.
In terms of upcoming features, these include budgeting and expense tracking, bill splitting, automatic currency converter, and joint accounts.
These are early days as it is has just gone live. While it’s based in the Swedish capital, PFC says its team represents more than 11 different national origins including Sweden, Germany, Brazil, Italy, Ireland, Croatia, China, Poland, Romania, Ukraine, and the US.
On the PFC website, it explains that it was founded in 2012 as Betalo, building financial products and services with technology. Now Betalo has become PFC. New bank, new name it seems.