Neobank Douugh launches in the US

Next-gen neobank Douugh announced the official launch of its financial wellness app. Having forged a strategic partnership with Mastercard, Douugh has been in beta with select US consumers since early-2019 and is now officially launching to the wider market.

With a mission to democratize banking and make the world financially healthier, Douugh offers an FDIC-insured smart bank account and Mastercard/Apple Pay enabled debit card. The app applies artificial intelligence and machine learning to a user’s personal income and spending data to tailor an individual financial solution that helps users spend wisely, save more and build wealth.