HyperJar Limited is a UK-based fintech company. Its HyperJar money management app is an easy, digital version of jam-jar budgeting with a lot of paytech magic inside. After a successful pilot and soft-launch in 2019, the app launched to the public in October 2020 with several technological innovations.
These now include direct card payments from unlimited multiple individual Jars (sub-accounts), Shared Jars for 2-100 people that function as instant joint accounts and digital kitties, and a dynamic Annual Growth Rate on ‘save now, buy later’ money prepaid to partners featured on the app.
Money paid into HyperJar accounts is managed by Modulr FS Limited, an authorised Electronic Money Institution regulated by the Financial Conduct Authority. As a directly connected participant to the Faster Payments and Bacs schemes, Modulr holds and settles funds at the Bank of England.
Mastercard, the world’s fastest payment processing network, provides the payment rails for the HyperJar prepaid card. Carta Worldwide receives and processes all the Mastercard transactions. Monavate Ltd, licensed by Mastercard International, issues the HyperJar card. TagNitecrest produces the HyperJar Mastercard.