GetSpareChange is a mobile platform that links to users' debit or credit cards and automatically rounds up each purchase to the nearest dollar, depositing the spare change into an FDIC‑insured savings account or a chosen investment portfolio. The app offers configurable rounding rules, goal‑based saving tools, recurring contributions, and one‑tap boost options, all displayed on a real‑time dashboard with analytics on interest and investment performance.
Funding
$500K 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
Many consumers find it difficult to save regularly because small, discretionary amounts of money are often overlooked or spent impulsively, leading to missed opportunities for building emergency funds or investing for the future.
Solution
GetSpareChange offers a mobile platform that automatically captures and aggregates spare change from everyday transactions. By linking a user’s debit or credit card, the app rounds up each purchase to the nearest dollar and transfers the difference into a digital savings account or investment portfolio. Users can set custom rounding rules, choose between low‑risk savings or diversified investment options, and monitor accumulated funds through a real‑time dashboard. The service also provides automated recurring contributions, goal‑based saving plans, and optional round‑up boosts tied to specific merchant categories, helping users grow their balances without active effort.
Target Audience
Primary users are digitally native consumers aged 18‑45 who want a low‑effort way to build savings or start investing, as well as fintech platforms seeking to embed round‑up functionality for their customers.
Features
- Automatic round‑up of card transactions to the nearest dollar with configurable rounding thresholds
- Integrated digital wallet that deposits spare change into FDIC‑insured savings or pre‑selected investment portfolios
- Goal‑based saving tools with visual progress tracking and customizable milestones
- Recurring contribution scheduling and one‑tap “boost” options for targeted savings campaigns
- Secure API connections to major banks and card networks with end‑to‑end encryption
- In‑app analytics showing earned interest, investment performance, and projected growth