French startup Linxo has won over almost 1 million customers and gained access to their bank accounts. The company’s app aggregates information such as transactions and balances from several accounts onto a single screen to help people manage a budget
The company’s app aggregates information such as transactions and balances from several accounts onto a single screen to help people manage a budget. It has gathered 900,000 users in France and is weighing up an expansion to the U.K., Germany and Spain, co-founder Bruno Van Haetsdaele said. Linxo raised 2 million euros ($2.3 million) in December and may seek a “much bigger” round as soon as this year, he said. “So far we’ve been out of the regulators’ view because we don’t move money around,” Van Haetsdaele said in an interview in Paris. “We’re out to help users manage a budget in just a few clicks. We don’t need a banking license.”
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