HyperJar

United Kingdom - London

• 18/09/2023
• Series A
• $24,000,000

HyperJar is the intent company.

A digital wallet that helps people plan and navigate their journey from depositing money to spending it, we digitise, capture, and reward their intent.

Our customers organise their money in digital jam jars, share them with their friends and children, link them to their favourite brands, and spend directly from them with a debit card or their phone.

These world-first features help people budget and plan better, but also let them invite their favourite brands to engage with them in completely new and transparent ways.

This helps businesses understand both new and existing customers better, and make them exciting offers they’ll truly value. Far earlier in the marketing cycle than they've been able to before.

A positive alternative to credit, HyperJar rewards people for planning ahead. It organises their entire spending journey, and leaves them with more money in their pockets.

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Mat MegensFounder

United Kingdom - London, England

Canada born and raised but now London based, I'm a former electrical engineer and investment banker turned entrepreneur. I am an early innovator in global supply chain finance who envisioned a better way to deliver working capital to supply chains which inspired HyperJar.

The connection to supply chains is consumer spend. Everyday discretionary consumer spend is a $32 trillion global market, and HyperJar exists to give consumers the best tools in the world to manage their greatest asset - their income and how they spend it.

HyperJar, which has over 500,000 UK customers, helps people to manage their discretionary spending intentionally using world-first tools. These allow for partitioning, sharing and exceptional control of spending money, as well as access to unique merchant rewards. HyperJar gives merchants a highly targeted and contextually relevant channel to drive desired consumer outcomes effectively and accurately through its rewards engine.

HyperJar is among the most awarded new tech businesses in the UK. It currently holds Banking Tech of the Year, Best Future Payments Initiative and Best Use of Mobile titles from leading industry awards in 2023. The HyperJar app is currently the top-rated digital account across the major UK review and app store sites.

LinkedIn https://www.linkedin.com/in/mat-megens-413a4b/