New neobank Pennyworth launches

Aspiring new neobank Pennyworth has launched its app to UK consumers.

The app has been in beta testing since early in 2021 after breaking cover in October last year and is now live both iOS and Android users with a goals-based saving functionality.

Pennyworth, started by two former Barclays executives, seek to serve “aspiring affluent individuals” who it says are neglected by traditional banks.