Despite the rapid progress in technology, it is still confusing and tough for a majority of people to manage their personal finances due to the lack of transparency in the process. To resolve this, a Swedish neobank PFC (Personal Finance Company) was started. It offers similar services as Berlin-based N26 and also fintech major Revolut.
PFC defines that a neobank is a digital bank operating with a storefront and controlled via a mobile app. It operates with the mission to simplify everyday financial management and make it more transparent with the use of technology.