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UK FinTech firm Moneyfarm pairs with Uber UK to support drivers

Digital wealth manager, Moneyfarm, has announced a new partnership with ridesharing app Uber to provide its drivers with access to pension and ISA products.

The US tech giant, which has been at the centre of debates about gig economy working, will provide products and financial advice as it attempts to battle against criticism that it is not doing enough to support its workers.

Founded in 2011, Moneyfarm has its headquarters in London and provides users with investment accounts and ISAs, as well as expert financial advice.

The company has also said that its tie-up with Uber UK will also coincide with the launch of its first pension product in the next couple of months, in a further effort to encourage drivers to put more of their money aside for retirement.

Following the announcement, Jo Bertram, Regional General Manager of Uber in the UK, commented: “We’ve heard from many of our partner-drivers that they want to save for the future.

“That’s why we’re really pleased to be partnering with Moneyfarm, who will soon offer Uber partners discounted products from ISAs to pensions, along with improved access to financial education.”

Giovanni Daprà, Chief Executive Officer and Co-Founder of Moneyfarm, added: “We are delighted to partner with Uber, and look forward to providing its partner-drivers in the UK expert financial advice through our ISA and pension products.”