Savi provides a unified financial management platform that aggregates user spending data and compares it against peer benchmarks to identify personalized savings opportunities. The platform eliminates the need for manual financial tracking across multiple accounts, helping users achieve specific financial goals like homeownership or retirement savings.
Funding
Funding not disclosed
Founders
Product
Problem
Many individuals struggle with managing their finances due to the complexity of tracking multiple accounts, understanding spending patterns, and identifying opportunities for savings. Existing budgeting methods, like spreadsheets or multiple banking apps, can be time-consuming and ineffective in providing a comprehensive financial overview.
Solution
Savi provides a unified financial management platform that aggregates user spending data from various sources, offering a consolidated view of their financial health. By connecting to over 15,000 institutions through secure providers like Plaid and Finicity, Savi automatically categorizes expenses and compares spending habits against global benchmarks. The platform enables users to set and track progress toward specific financial goals, such as homeownership or debt reduction, while providing personalized recommendations for smarter spending and savings. Savi also supports household collaboration, allowing users to manage finances with family members or partners.
Target Audience
Savi's primary users are individuals and households seeking a comprehensive and automated solution for managing their finances, tracking spending, and achieving financial goals. The platform also targets employers looking to offer financial wellness benefits to their employees.
Features
- Automatic synchronization with over 15,000 financial institutions, including banks, credit unions, brokerage accounts, and crypto platforms
- Real-time transaction updates with bank-grade 256-bit encryption
- CSV import functionality for users switching from Mint, Google Sheets, or Excel
- Spending insights and comparisons against global benchmarks
- Goal-setting features with personalized plans and progress tracking
- Receipt capture and auto-conversion into transactions
- Household collaboration features for managing finances with family or partners
- Cash flow forecasting with inflation considerations
- AI-powered financial coaching (coming soon)
- Multi-currency support
- Data export in CSV format
- Mobile app available on iOS and Android