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Zara Ransley, Co-Founder of UK Startup MyPocketSkill, wins Female FinTech Competition, a major global technology competition hosted by Google, Atos, Deutsche Bank and TechQuartier.

Brighton, 25 October 2021

Zara Ransley, co-founder of MyPocketSkill, a Gen Z digital platform, which enables teens to Earn, Save and Learn about money, has won the 2021 Female FinTech Competition hosted by Atos, Deutsche Bank, Google Cloud and TechQuartier. The prestigious competition was open to worldwide FinTech companies led by female founders.

Learn more here

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MyPocketSkill, an-award-winning Gen-Z platform, selected for Tech Nation’s Fintech Programme, as one of the UK’s leading scale-ups.

London, 5th October 2021

MyPocketSkill, a Gen Z digital platform, which enables teens to Earn, Save and Learn about money, has been selected to join Tech Nation’s Fintech Programme an exclusive network of high-growth UK fintech companies. The programme is funded by the UK Government’s Department for Digital, Culture, Media & Sports and aimed at accelerating the growth of successful UK scaleups through insight sessions and networking events with key stakeholders and established fintech entrepreneurs.

Learn more here.

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MyPocketSkill Co-Founder, Zara Ransley, Selected to Join Silicon Valley Scaling Programme, Beyond HERizons

London, June 16th 2021

MyPocketSkill Co-Founder, Zara Ransley, has been selected for Beyond HERizons, a 12-month scaling programme for high-growth companies, launched by Silicon Valley Comes to the UK.

Learn more here.



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Award-winning digital start-up MyPocketSkill to provide teen accounts to help Gen Z's Earn, Save and Learn about money in partnership with embedded finance provider UNIPaaS

London, May 27th 2021

MyPocketSkill, a teen earning & saving platform, is to team up with UNIPaaS, a provider of end-to-end payment solutions, to enable UK 13-21 years old to connect with money-earning tasks and to save towards their goals with the help of digital e-wallets.

MyPocketSkill, which launched a UK-wide innovation pilot with the Money & Pension Service, is on a quest to create financially empowered GenZs. The pilot is part of a UK government funded programme to help 2 million more children and young people receive a meaningful financial education by 2030. Since then MyPocketSkill has almost doubled its user base to c. 5000 users with over 3000 transactions and engaging with almost 1000 teens via the platform.

Given the success of the platform, Zara Ransley, a Co-founder & Co-CEO of MyPocketSkill, was selected as a winner of Innovate UK’s Women in Innovation Award 2021.

Zara Ransley, Co-Founder of MyPocketSkill said:

“We are really excited about partnering with UNIPaaS and its experienced payments solutions team. Connecting young people with earning and savings opportunities is a powerful concept, nudging them to develop positive financial behaviour through a ‘learning-by-doing approach. The addition of e-wallets takes us closer to enabling teens to manage their money and save towards their goals, building an eco-system that can potentially include other financial service providers to support them. “

David Avgi, Co-Founder of UNIPaaS said:

"Since the first time we engaged with MyPocketSkill and learned about the company's vision, UNIPaaS wanted to be part of designing the right solution. UNIPaaS is built for marketplaces and supports embedded onboarding, eWallet management, payment process automation and faster payouts. I'm delighted to see how quickly and smoothly the talented team at MyPocketSkill has adopted and embedded our solution, and I'm looking forward to the new features rollout."

About MyPocketSkill

The MyPocketSkill platform has already helped thousands of teenagers to “Earn, Save and Learn” about money and develop a wide range of skills with the help of the TeenTutors and Digital Teens programmes.

The company was set up in 2017, by two parents, with backgrounds in finance, technology and youth policy, Matthew and Zara, to address the gap between teenagers wanting to earn pocket-money and have some financial independence and opportunities to do so.

MyPocketSkill has achieved notable success, including funding awards from Innovate UK, the UK’s innovation agency, reaching the finals of the 2020 Great British Entrepreneur Awards, the Global EdTech Start Up Awards and the TechCrunch Europas Awards, 2019.

About UNIPaaS

UNIPaaS is a global company with offices in London. Led by an experienced team of payment experts, the company has developed an embedded finance solution designed from the ground up to support B2B digital platforms, marketplaces, and ISVs.

The solution enables platforms to own their payment experience, control funds and earn revenues from financial services. UNIPaaS has acquired PCI DSS Level 1 certification and is regulated by the UK Financial Conduct Authority (FCA) as an Authorised Payment Institution.

Contact:

● Zara Ransley – Co-CEO, MyPocketSkill [email protected]

● Ciara Cremin – Youth Policy Lead MyPocketSkill [email protected]

● Yoav Chernitz – Chief Marketing Office, UNIPaaS [email protected]



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Zara Ransley, MyPocketSkill Co-founder, Named as Women in Innovation Awards 2020/21 Winner

London, March 8th 2021

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Zara Ransley, MyPocketSkill co-founder, has been recognised as one of the UK's top female entrepreneurs. Zara is a winner of Innovate UK's Women in Innovation Awards 2020/21, one of 40 female entrepreneurs making the world of 2021 a better place. Announced today by Science Minister Amanda Solloway to mark International Women’s Day, this award is designed to scale up disruptive business ideas - with special recognition to those that have helped society during COVID-19.

Science Minister Amanda Solloway said:

As we build back better from Covid, it is a priority of mine to continue equipping our brightest female innovators with the tools they need to succeed, while encouraging a new generation of women to come forward and pursue their ambitions.

Today we are supporting 40 of our most trailblazing female entrepreneurs, helping them to turn their innovative ideas and aspirations into a reality, creating the products and services that will help improve our lives and boost our economy.

Award winner and co-founder Zara said:

Women have a power to create game-changing innovations and the more women step up to act upon their ideas, the more role models we create.

It is a really powerful concept to connect young people with earning and savings opportunities, nudging them to develop positive financial behaviour through a learning-by-doing approach. The Women in Innovation Award enabled us to bring it to life.

Watch the Women in Innovation Awards 2020/21 here.

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Award-winning digital start-up MyPocketSkill to deliver a new innovative pilot, helping UK teens to earn, save and learn

London, 13th January 2021

MyPocketSkill, a provider of digital services in the field of youth finance and employability has been selected by the Money & Pensions Service, a UK government funded organisation focused on financial wellness strategy, to run a UK-wide innovation pilot.

This landmark initiative, to understand what works in financial education, will test new and innovative solutions to address gaps in financial education provision at a time when COVID-19 has had a major impact on young people’s prospects.

MyPocketSkill will expand its “Earning is Learning” programme to hundreds of young people across the UK aged 14-18. This learning-by-doing approach will demonstrate how a scalable digital platform helps young people to connect with opportunities to earn money, acquire skills and set savings goals.

Matthew Harker, Cofounder of MyPocketSkill cofounder, said:

“At MyPocketSkill we believe that the best way of learning about money is through the real-world experience of earning and saving. That’s why our Earning is Learning programme supports young people by connecting them with earning opportunities and setting savings goals. We are delighted to be working with the Money & Pension Service in rolling-out and scaling-up this initiative”.

Sarah Porretta, Strategy and Insights Director for the Money and Pensions Service, said:

“MaPS’ Financial Education Innovation and Evaluation Programme is all about plugging gaps in evidence and knowledge around what works in financial education to support children and young people throughout childhood, adolescence, and in adulthood. We know that one of the most significant areas of need, with gaps in understanding of what works at the moment, is in understanding what works in digital delivery of financial education. The financial impact of the Coronavirus pandemic means that it’s even more imperative to find out what interventions are impactful in financial education to address some of the long-lasting, adverse effects on the financial wellbeing of today’s children and young people.

We are delighted to be partnering with MyPocketSkill on their exciting pilot as part of our Innovation Programme, and are looking forward to finding out what learnings we can share and build upon to support our national goal of two million more children and young people receiving a meaningful financial education by 2030 as part of the UK Strategy for Financial Wellbeing”.

About MyPocketSkill

In 2017, two parents, with backgrounds in finance, technology and youth policy, Matthew and Zara - set up MyPocketSkill to address the gap between teenagers wanting to earn pocket-money and have some financial independence and opportunities to do so. Fast forward to 2020 and MyPocketSkill’s earning & saving platform has helped thousands of teenagers and households. MyPocketSkill and its founders have already achieved notable success and accolades including funding awards from Innovate UK, the UK’s innovation agency, and finalists of the 2020 Great British Entrepreneur Awards.

Contact:

About Money & Pensions Service

The Money and Pensions Service (MaPS) is here to ensure every person feels more in control of their finances throughout their lives: from pocket money to pensions. When they are, communities are healthier, businesses are more prosperous, the economy benefits and individuals feel better off. MaPS delivers free and impartial money and pensions guidance to the public through the Money Advice Service, The Pensions Advisory Service and Pension Wise.

MaPS is working to make sure the whole of the UK understands that financial, physical and mental health are all deeply connected. MaPS’ role is to connect organisations with the shared purpose of achieving the five goals set out in the UK Strategy for Financial Wellbeing.

MaPS supports innovation so that everyone can use the most effective methods to help people feel more in control of their money, targeted to those most in need and inclusive of people from all backgrounds. MaPS is an arm’s-length body sponsored by the Department for Work and Pensions (DWP).

For further information visit www.maps.org.uk. Members of the public can get free guidance about their money and pensions via:

  • www.moneyadviceservice.org.uk / 0800 138 7777
  • www.pensionsadvisoryservice.org.uk / 0800 011 3797
  • www.pensionwise.gov.uk / 0800 138 3944 

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Award-winning start-up MyPocketSkill partners with Smart Pension to promote matchmaking platform to help to build more financially capable Gen Z

September 16, 2020

MyPocketSkill, a provider of digital services in the field of youth finance and employability, is happy to announce their new partnership with Smart Pension, to promote money-earning and capabilities-building opportunities for teens.

In 2017, two parents - Matthew and Zara - set up MyPocketSkill to address the gap between teenagers wanting to earn and save pocket-money and have some financial independence and opportunities to do so. Fast forward to 2020 and MyPocketSkill’s matchmaking platform has helped over 1,000 teenagers and households.

MyPocketSkill was awarded funding by Innovate UK, the UK’s innovation agency, for their response during the pandemic. Their two initiatives, Teen Tutors and Digital Teens, provide affordable and yet high-quality solution to families and businesses. In turn it provides young people, whose lives have been disrupted by COVID-19, with skills-building experience, structure, and opportunity to earn pocket money. MyPocketSkill works closely with young people and pride themselves on being user-led and user-design centric.

We are excited to work with Smart Pension, a company founded by finance and technology professionals, and specifically designed to support UK businesses.

About Smart Pension:

Smart Pension is one of the UK's largest providers of workplace pensions. Co-founded in 2014 by Andrew Evans, Group CEO, and Will Wynne, Group MD, the award-winning master trust has more than £900 million in assets under management and is overseen by independent professional trustees. Smart is backed by Legal & General Investment Management (LGIM), J.P. Morgan, Link Group, Natixis Investment Managers and Barclays. In 2020 Smart Pension was named Master Trust Offering of the Year at the Pension Age Awards. Other awards include DC Master Trust of the Year, DC Innovation of the Year and Retirement Innovation of the Year in the 2019 UK Pensions Awards. Smart Pension was also named European Pension Fund of the Year 2019 in the European Pension Awards. We tweet as @SmartPensionUK.

Contact:

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Help for work-at-home parents and young people as MyPocketSkill awarded fast-track Innovate UK funding

May 20, 2020

MyPocketSkill, a provider of digital services in the field of youth finance and employability, has been awarded funding by Innovate UK, the UK’s innovation agency, to provide online services to parents who are struggling to work-from-home and skills-building experience to young people whose lives have been disrupted by COVID-19.

Innovate UK has earmarked £40 million of government investment to fast-track the development of innovations borne out of the coronavirus crisis while supporting the UK’s next generation of cutting-edge start-ups – helping to build the businesses of tomorrow and propel their future prosperity.

Since lockdown began, MyPocketSkill has been adapting its business model to meet the changing needs of the UK public. This funding will enable MyPocketSkill to do so on a larger scale.  MyPocketSkill will be growing its digital platform to connect parents who need help for their children so that they can work at home effectively, with capable young people, who are able to provide all types of support, from music and art lessons, to dance, drama,

homework help and other digital and creative, skills.

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Class 2020: Resolution Foundation says Covid19 significantly worsens prospects of school-leavers

May 12, 2020

This week, our Youth Policy Analyst Ciara attended the Resolution Foundation’s “Corona Class of 2020” webinar. Here Kathleen Henehan discussed the results of her latest research on the impact of COVID-19 on young people. This report is truly striking and made us stop in our tracks here at MyPocketSkill. 

The report looks at how previous recessions have affected young people, and how the current lockdown and consequent following recession could affect them in the future. The research found that the “Coronavirus effect” to unemployment is expected to reduce a low-skilled education leaver’s chance of being in work by more than a third. Additionally, overall, it is estimated that an additional 640,000 young people in the UK could find themselves unemployed in this year alone. 

Overall it is certainly clear that there are major challenges in store for young people over the coming years. Though government policy will dictate the levels of such challenges, we also think it’s important to enhance young people’s work experience through creating a nurturing setting for skill development and promoting financial capability. This is our core ethos at MyPocketSkill. Since lockdown has been implemented, our overall takeaway through our work with young people is one of resilience and resourcefulness. We aim to foster this through our campaigns and support young people in taking small effective steps towards further education and employment.

More here https://www.resolutionfoundation.org/publications/class-of-2020/

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MyPocketSkill appointed by the BBC to provide participants for user testing and digital research

March 10, 2020

MyPocketSkill, a provider of strategy and digital services in the field of youth finance and employability, has been appointed as a supplier to the BBC to provide design Research Participant Recruitment framework services.  MyPocketSkill will be working with the BBC’s User Experience and Design department to identify, recruit and deliver participants for a range of design & research programmes. 

Assignments will could span across a range of digital products, including Children’s, Education, Radio and Music, iPlayer, Interactive TV, News, Sport and Weather.  

MyPocketSkill is a digital technology and advisory company founded in 2017.  Our vision is to create a financially empowered Gen Z.   

Contact:

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MyPocketSkill is awarded project funding by Coast to Capital LEP Area Growth Grant Programme

February 04, 2020

MyPocketSkill is delighted to announce that we have been awarded project funding in a form of a partially funded grant by the Coast to Capital LEP Area Growth Grant Programme, through the Local Growth Fund initiative. This grant enables us to develop a new fully featured version of MyPocketSkill product that will enhance user experience by using a leading-edge design thinking and allow us to scale outside of our pilot locations.

MyPocketSkill is a digital platform and youth consultancy group that helps GEN Z to become more financially capable by connecting them with local tasks and encouraging them to save towards their goals.

The Local Growth Fund is government funding awarded to Local Enterprise Partnerships (LEPs) for projects that benefit the local area and economy. As part of this fund the Coast to Capital LEP Area Growth Grant Programme is being delivered under the Business Finance scheme which has a funding pot of £3.5 million for 2019-21. For more information please go to: http://www.coast2capital.org.uk/growth-grant

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From paper rounds to global empires: empowering the next generation of entrepreneurs

November 01, 2019

In her guest blog for Octopus Group, our co-founder Zara Ransley offers her unique perspective on whether entrepreneurs are born or bred. 

https://octopusgroup.com/insights/from-paper-rounds-to-global-empires-empowering-the-next-generation-of-entrepreneurs/?utm_source=Twitter_remarketing&utm_medium=social&utm_campaign=mypocketskills_B

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MyPocketSkill - We're Recruiting Teen Ambassadors!

April 12, 2019

We are currently recruiting Teen Ambassadors - so if you want to make a mark at your school or college and earn money by promoting MyPocketSkill to your friends and families, then please see here.