8.6 C
New York
Tuesday, July 27, 2021
Home Fintechs UK startup Dzing launches digital payment app

UK startup Dzing launches digital payment app

Dzing is a London based and fairly new digital money and payment institution.

Now it has announced the launch of its new mobile payment app to allow international students, remote freelancers, overseas workers, and travelers, conduct financial services from their smart devices at high speed.

Dzing was founded in 2018, and it describes itself as a digital account created for the modern lifestyle. The startup offers accounts in multiple currencies, international transfers, and its Mastercard partner cards.

Read also: ICICI Bank launches WhatsApp banking services

The app is available Android and iOS and it will offer its users “a simple, seamless process for transferring funds across borders in the UK and Europe”.

Dzing aimed to fill a gap in the market, it will combine the customer-centric nature of a traditional financial service institution with the innovation of a tech-savvy challenger, to meet the demands of the niche digitized customer profile.

Max Kharchenko, Interim CEO & Chief Product Officer, said: “We at Dzing are convinced that consumers deserve a financial services partner that evolves with them and anticipates their needs at every stage of life.”

Max Kharchenko, Dzing CEO

Kharchenko continued: “We’ve combined the long-term savings uses of a traditional bank with the flexibility of a challenger bank, to support a truly modern way of living.”

Since its start, the start up has opened 2 new offices in preparation for the launch and is prepared to make a number of new hires.

It has also raised significant funding from an original seed investor at the start of its journey, so Dzing is getting ready to expand further with the help of additional funding before the end of 2020.

Source: https://www.finextra.com/newsarticle/35546/london-startup-dzing-launches-multi-currency-payments-app https://www.businesswire.com/news/home/20200331005059/en/Dzing-Announces-Launch-New-Banking-App https://medium.com/dzing-finance/dzing-announces-launch-of-its-new-digital-payment-app-dc9e09ae332e

Avatar
Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

Recent posts

Starling Bank revenue skyrockets by 600%

The digital bank Starling has managed to grow revenues to £97.6 million from £14 million in the previous period.

Revolut launched a travel booking feature

After Softbank lead an $800 million investment into Revolut, the UK-based challenger bank came up with another feature - travel booking.

Kid accounts and challenger bank options for children

Revolut junior vs. Starling Bank Kite? 🤔 Once again Everly - challenger bank news joined forces with the Scientia team and their Fintech Insights, the digital banking research platform, to compare several challenger banks' junior accounts from parent's and kid's perspectives! 👍 Check the full article here

Lunar raised €210m and reached unicorn status

The Danish challenger Lunar Bank has raised €210m in Series D funding and managed to reach unicorn status.