Coupl is a neobank that provides joint wallets and shared banking services specifically designed for couples, allowing them to pool funds and manage shared expenses from a single account. This platform eliminates the hassle of splitting transactions, enabling users to track spending and access rewards for joint purchases efficiently.
Funding
$555K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
EFFounders
Product
Problem
Managing shared finances can be a significant pain point for couples, often involving multiple accounts, manual expense tracking, and cumbersome reconciliation processes. Traditional joint accounts are often inconvenient, requiring extensive paperwork, physical branch visits, and may impose minimum balance requirements. This makes it difficult for modern couples to efficiently manage their shared expenses and achieve their financial goals together.
Solution
Coupl provides a neobank platform designed specifically for couples to manage their shared finances through a digital joint account. The platform enables couples to open a zero-balance joint account in under 60 seconds, complete with linked virtual and physical RuPay cards for seamless payments. Coupl simplifies expense tracking, budgeting, and bill payments, allowing couples to monitor spending by category and stay aligned on their financial goals. By eliminating the complexities of traditional joint accounts, Coupl offers an inclusive banking solution that caters to couples at any stage of their relationship, including those who are dating, engaged, or married.
Target Audience
Coupl targets couples in India, including those who are dating, engaged, or married, who seek a convenient and efficient way to manage shared expenses and achieve their financial goals together.
Features
- Rapid account setup: Joint accounts can be opened in under 60 seconds with no paperwork.
- Zero-balance accounts: No minimum balance requirements.
- Shared RuPay cards: Two virtual and physical cards linked to the joint account for online and offline transactions.
- In-app bill payments: Utility bills can be paid directly through the app.
- Expense tracking: Payments are automatically categorized for easy monitoring.
- Budgeting tools: Features to help couples set and maintain budgets.
- Inclusive banking: Services available to married, dating, and LGBTQ+ couples.
- Rewards program: Cashbacks and discounts on purchases from partner brands.