Hear that? It’s the sound of fortunes being made — and lost — in the kinetic sector of personal finance for the connected age. There’s gazillions starting to flow into investment apps that come at the task of growing one’s money from a variety of angles, some fairly novel.
The new PYMNTS Provider Ranking of Personal Finance Apps reflects the hustle and bustle of a stock exchange trading floor, albeit at a reserved digital remove that allows one to think before they invest. Happily, the apps we rank do exactly that and a good deal more.
Once again, we’re seeing a fair amount of chart movement. Buckle up.
The Top 5
Possibly weeks away from an initial public offering (IPO) and fresh from the GameStop debacle, the Robinhood app merrily keeps its seat at No. 1. Rising two spots to grab No. 2 this month is Stash, which just raised a ton of money, followed by Chime dropping a slot but staying in the top 3 at No. 3.
Big change now as the Fidelity Investments app climbs an impressive four chart positions to land at No. 4, pushing the Acorns Invest Spare Change app to No. 5.
That closes out the Top 5.
The Top 10
Popping up one spot to No. 6 in the new PYMNTS Provider Ranking of Personal Finance Apps is Mint Personal Finance & Money, while steady chart performer Current drops two slots to nab No. 7 this go around.
At No. 8 we find another chart regular, the Albert Save And Spend Smarter app, dropping two spots but staying in the Top 10.
Now for two notable entries that we didn’t foreshadow so as not to ruin the surprise.
Returning to Provider Ranking of Personal Finance Apps at No. 9 after an absence is the SoFi app. SoFi is merging with publicly-traded firm Social Capital in a recently-announced SPAC deal.
Finally, fresh at No. 10 is the London-based Emma Budget Manager open banking app.
That’s it for this edition of the Provider Ranking of Personal Finance Apps. Invest wisely.
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