Young people want to save and budget in a way that isn’t boring. Cleo provides a smart AI bot that delivers financial services in a fresh and disruptive way. With $44 million in funding, Cleo is one of the fastest-growing fintech brands catering to a younger audience: Gen Zers.

To make managing their money easier for Americans, the Dave app links with existing bank accounts and aims to keep people in the black by notifying them when they’re about to go into overdraft. It also breaks down anticipated ingoings and outgoings, giving users an easy way to budget.

Monzo has introduced ‘Monzo Flex’ which allows customers to have a credit limit of up to £3,000 and allows payments to be made in installments. While this service provides financial flexibility, it's also facing review for its risk of putting people into debt.

Contactless payments may provide the ultimate convenience, but it’s causing many Gen Yers to rack up debt – leaving some questioning whether to avoid contactless altogether. As young people struggle to save, there’s a demand for brands that help spenders keep on top of their finances.