This app analyzes users' spending patterns through open banking to identify small, manageable savings amounts. These savings are then automatically invested in diversified portfolios through a partner bank, helping millennials and Gen Z achieve long-term wealth goals.
Funding
Funding not disclosed
Founders
Product
Problem
Many individuals, particularly younger generations, struggle to save and invest effectively due to a lack of financial literacy, difficulty tracking spending across multiple accounts, and the complexity of traditional investment platforms. This can lead to missed opportunities for wealth accumulation and long-term financial security.
Solution
Daysave is a personal finance management platform that leverages open banking APIs to provide users with a consolidated view of their finances and identify opportunities for automated savings and investment. By analyzing spending patterns and income, Daysave's AI-powered engine suggests manageable savings amounts, which are then automatically invested in diversified portfolios through partner banks. The platform aims to simplify personal finance, making it more accessible and actionable for users of all financial backgrounds.
Target Audience
Daysave primarily targets millennials and Gen Z individuals who are looking for an easy-to-use platform to manage their finances, automate savings, and start investing. The platform also targets banks and financial institutions looking to offer personal finance management services to their customers.
Features
- Automatic tracking of income, recurring bills, and spending across all linked bank and credit accounts.
- AI-driven analysis of spending patterns to identify potential savings.
- Automated savings and investment into diversified portfolios via partner banks.
- Real-time feedback and visualizations of spending data to encourage positive financial habits.
- Personalised insights and actionable recommendations based on individual financial data.
- Support for connecting to over 2,500 banks.
- White-label solution for partners.