Company Research Report: Emma Technologies LTD
Company Overview
- Name: Emma Technologies LTD
- Mission: Emma Technologies is on a mission to empower millions of people to live a better and more fulfilling financial life.
- Founded By: Founded by two computer scientists (Exact names are not provided).
- Headquarters Location: Registered and incorporated in England and Wales.
- Number of Employees: No information is available.
- Revenue: No information is available.
- Company Recognition: Emma is recognized for its all-in-one financial membership app that helps users track, invest, send, and save money. They are known for their user-friendly financial tools and a strong customer base across the UK, US, and Canada. The app has over 1.6 million users.
Products
Financial Membership Tools
- Emma App
- Description: A comprehensive financial management app that enables users to track their spending, budget effectively, invest in stocks, and send money.
- Key Features:
- Budgeting Tools: Analyse bank accounts, budget effortlessly, and track expenditures.
- Investing: Users can invest as little as £1, easily accessible stock trading features.
- Instant Payments: Features to send and request money via payment links or QR codes.
- Savings Management: Organize money with goals using Emma Pots.
- Product Plans
- Free Plan: Connect all accounts, budget tracking, and manage subscriptions.
- Plus Plan: Offers exclusive cashback and bill reminders.
- Pro Plan: Custom budgeting categories, offline accounts, and net worth tracking.
- Ultimate Plan: Connects business accounts and a feature called Spaces for managing different types of accounts.
Recent Developments
- Recent Product Launches and Features:
- Emma Launches Commission-Free Stock Trading - As of July 21, 2022, enhancing the investment functionality without additional costs.
- New P2P Payments Feature Introduced - Launched on July 1, 2021, allowing users to manage money between friends efficiently.
- Emma Now Reports Rent to TransUnion - An added feature allowing users' rental payment data to reflect on their credit reports, introduced on August 10, 2023.
- Partnerships:
- Partnership with Bondsmith: Announced on January 17, 2023, it allows customers to generate interest on cash deposits, enhancing the value offered to users.
- Plan Updates:
- New Subscription Plans Introduced: Emma Plus (released on July 22, 2021) and upgrades to existing plans to include additional features such as bill reminders and cashback deals.
Regulatory and Security Assurance:
Emma Technologies LTD is an appointed representative of RiskSave Technologies Ltd, authorised and regulated by the Financial Conduct Authority. They ensure strong data protection measures with 256-bit TLS encryption and are committed to safeguarding users' data privacy.
Note: Revenue and number of employees data are not available in the provided information.
