Forget Finance offers a personal finance app that enables couples to manage their financial goals through structured sub-accounts and tailored investment strategies. The platform automates portfolio rebalancing and tax optimization, providing users with a clear overview of their finances while maximizing returns on investments.
Funding
$4M 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.
Founders
Product
Problem
Couples often struggle to manage their finances together due to differing financial goals, lack of transparency, and the complexity of traditional financial planning tools. This can lead to disagreements, missed opportunities for wealth building, and difficulty in achieving shared financial objectives.
Solution
Forget Finance is a personal finance application designed for couples to collaboratively manage their financial goals through structured sub-accounts and tailored investment strategies. The platform enables users to create individual and shared goals, visualize their progress, and align their investments accordingly. Forget Finance offers automated portfolio rebalancing and tax optimization, providing a transparent overview of their combined finances while maximizing investment returns. The app recommends suitable investment strategies based on the couple's goals, risk tolerance, and time horizon, simplifying the investment process.
Target Audience
The primary target audience is couples seeking a collaborative and transparent platform to manage their finances, achieve shared financial goals, and optimize their investments.
Features
- Goal-based sub-accounts for structuring savings and investments towards specific objectives
- Personalized investment recommendations based on individual and shared financial goals
- Automated portfolio rebalancing to maintain desired asset allocation and risk levels
- Tax optimization strategies to minimize tax liabilities on investment gains
- Integration with German partner banks and asset managers for secure and regulated financial services
- "Dynamic Cash" option offering a variable interest rate by investing in institutional money market portfolios
- Option to enable tax minimization by utilizing the "Sparerpauschbetrag"
- Portfolio options with different risk levels (World, Impact, Flex) that vary in their stock and bond allocation