Personal finance app Playbook snares $7m in Series A


Playbook, a California-based personal finance app focused on Gen Z and Millennials, has secured $7m in a Series A funding haul.  

The round was headed by Telstra Ventures with further participation from fellow investor Atomic.

Founded in 2020, Playbook claims it is the app for growing money with tax advantages and automation. The firm said it will help users build a financial plan and take advantage of every tax benefit available.

The company said it allows users to connect their bank account and to discover tax advantages, and then helps to craft a customised financial plan that is fully automated.

Playbook is already used by employees in companies ranging from Google, Salesforce, EY and Amazon.

The company said it is also launching Playbook for Work, which offers dedicated support teams, and in-depth reporting so businesses can understand utilization.

Playbook said it intends to use the newly raised capital to expand its offering.

Payday, a pan-African neobank issuing global accounts to Africans, has recently scored $3m in a seed funding round headed by Moniepoint.

Payday was developed to support African remote workers, freelancers and digital professionals with frictionless, borderless payments, enabling global payment processing from over 130 countries.

The startup permits those on the continent and in the diaspora, to send and receive money in USD, GBP, Euros and 20 other currencies, allowing Africans to work remotely for international organisations, and be paid and withdraw money in the currency of their choice regardless of location.

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