HyperJar is a spending app that allows users to organize and control their spending, offering features to help users waste less money and get rewarded.

HyperJar

HyperJar Ltd is a London-based Fintech. It raised Series A funding of USD$24mm in 2023, one of the largest Series-A rounds for a European business that year.  

Its award-winning B2C digital wallet HyperJar is the spending super-app:  a brilliantly effective, visually engaging account with a prepaid debit card that helps people to Spend Life Well. Behind the simple idea of managing money in digital jam jars is a lot of world-first tech, offering access to all types of instant rewards – including up to 1.5% cashback on all spending. These rewards sit alongside unique tools for organising, sharing and controlling spending. The ability to share money in a single ‘jar’ with other people solves a myriad of devolved spending challenges in a way no other account can: sports teams paying in subs and spending from one source; parents managing expenses with a child-minder; housemates sharing bills; a couple wanting something less formal than a joint bank account. 

The app currently has 600,000 customers and has been the top-rated digital account on the major UK review and app store sites for over 12 months.   

HyperLayer is the company’s B2B venture. It provides unique tech capabilities globally to organisations who want to offer enhanced spending and other services to their customers or employees. These organisations include banks, asset managers, pension funds, merchants, and any enterprise whose clients are also spenders.  

Since public launch into UK app stores in October 2020, HyperJar Ltd has won 14 awards for its proprietary technology, including Money Management Platform of the Year; Personal Finance Tech of the Year; Banking Tech of the Year and Best Future Payments Initiative in 2023.

We've been working with the brilliant Retail Economics to crunch 8 million HyperJar #data points on the spending habits and patterns of today’s 6-17 year olds, alongside feedback from 1821 HyperJar parents about what #kids do with their money. 
 
While the #channel preferences of the combined age group show a balance between bricks and clicks - a third (30.4%) of 6-17 year olds choose to #spend their money equally online and in-store – there are significant differences when we look at age and family #affluence. 
 
Our data show that while two thirds (64%) of 6-8 year olds spend their money almost always or mostly instore, this drops to 39% for 15-17 year olds. There’s a notable shift to online spending as age increases, reflecting greater digital literacy as well as access to devices and social media: 30% of 15-17s shop almost always or mostly online, higher than any of the younger age groups. This backs up another trend identified in the Tomorrow’s Consumer report, that of the decline in use of cash among older children.
 
The data also show that spending channels change according to affluence. Check the carousel to see the difference family #income makes to #shopping behaviour. Online is more popular among the least affluent, no doubt leveraging the potential cost savings found on the giant digital-only shopping platforms such as Temu and SHEIN that are less easily accessed IRL. Meanwhile, more affluent families are likely to spend in categories that rely on a blend of instore and online experiences, including shopping as part of a wider social outing that encompasses hospitality and leisure.
 
For the full report on how Tomorrow’s Consumers are spending their playground pounds, head here:https://lnkd.in/eapi2Kqi
 
Nicola Longfield Joe Moore Sandra Hadaie Dan Jones Ilias Tsatalmpasidis MBA MCIM Richard Lim Nicholas Found

Thanks so much to the judges at the FStech #PaymentsAwards 2024. Shortlisted for Best #Mobile #Payments Solution (which we won last year 😇 🏆) and Best #Prepaid Card Solution - we'll see you all on the 14th November. 

Mat Megens Paul Rolles Nicola Longfield Robert Rooney Louise Chan Prakash Sethuraman Ben Helps Chris Lowrie



#innovation #fintechforgood #awards #finance #spendlifewell

Always great working with the team at Retail Economics - lots more insights to come about this important and influential audience.

To fully understand tomorrow’s consumers and their #spending habits, we started by looking at how children aged 6 – 17 receive their money.

We surveyed over 1,800 parents to understand the impact of age and affluence on how they give their children money - #cash, digital or a combination of both.  Even from the age of 6, kids receive fewer notes and coins, and this drops even more by the time they hit 15.

As a digital #spending app, our parents may be more digitally savvy than most, but the data also shows that pocket money habits are closely linked to affluence. Check the carousel to see how much of a difference family #income makes to the way #parents pay their children.

For the full report on how tomorrow’s consumers are spending their playground pounds, produced with the fantastic team at Retail Economics, head here: https://lnkd.in/eapi2Kqi. 

Nicola Longfield Joe Moore Sandra Hadaie Dan Jones Ilias Tsatalmpasidis MBA MCIM Richard Lim Nicholas Found

After last week’s ‘UK’s Secret Millionaires’ report, for which we looked at lifetime 
#spending from 18-80, we’re turning our attention to younger consumers. 
 
Working with the brilliant team at Retail Economics we’ve surveyed 1,800 parents and crunched over 8 million #data points to understand spending trends among 6-17 year olds.
 
From instore vs. digital #retail preferences and the growth of emerging platforms such as SHEIN and Temu, to the importance of health and beauty as a #spending category even for very young children, we highlight plenty of useful insights for retailers and brands. 
 
There’s a snack-sized summary in the carousel – click through to download the full report.

Nicola Longfield Joe Moore Sandra Hadaie Dan Jones Ilias Tsatalmpasidis MBA MCIM Richard Lim Nicholas Found

We're #hiring a new Customer Operations Agent in United Kingdom. Apply today or share this post with your network.

We're #hiring a new Principal Product Designer in London Area, United Kingdom. Apply today or share this post with your network.

When we set out to prove that, for most people, #spending is their biggest 'asset class' we didn't expect the numbers to be so dramatic.  But after months of data crunching the title of our latest report speaks for itself: The UK's Secret Millionaires.  

It turns out that the average person in the UK spends £1.2 million in a lifetime. Compare that with the average #privatepension for today's retirees of £70,000k. Or, even smaller, average #savings - just £22,000. 

We're not suggesting for one moment that the LinkedIn community is average...but you get the idea.

This report is one of the most comprehensive analyses of exactly where and how much we #spend over a lifetime, how this compares to other financial levers we can pull and how doing it smarter can have a transformative impact.

Here's an intro article on the background to Secret Millionaires and why we think spending is the most under-served #financialservices category of them all. It includes a link to the full report.


Mat Megens Paul Rolles Nicola Longfield Robert Rooney Chris Lowrie Louise Chan Ben Helps Prakash Sethuraman Chaitanya D.

We're #hiring a new Senior Product Analyst in London Area, United Kingdom. Apply today or share this post with your network.

We're #hiring a new Head of Customer Support in London Area, United Kingdom. Apply today or share this post with your network.

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