Kosho is a German‑focused personal finance app that lets users import bank statements via CSV, automatically categorise transactions with AI, and allocate money into customizable budget “pots” for expenses like rent or groceries. Its Ask Kosho feature provides a real‑time chat interface where users can query their spending, compare months, and receive savings suggestions based on their actual transaction data. The service is hosted in Germany, encrypted and GDPR‑compliant.
Funding
Funding not disclosed
Founders
Product
Problem
Many German consumers struggle to track and manage their personal finances because bank data is scattered across statements, manual categorisation is time‑consuming, and existing tools often lack real‑time insights or privacy guarantees.
Solution
Kosho offers a web‑based personal finance platform that imports German bank statements via CSV, automatically categorises transactions with AI, and lets users allocate money into customizable budget “Töpfe.” The “Ask Kosho” chat interface provides instant, data‑driven answers about fixed costs, savings potential, and month‑over‑month spending. All data is encrypted, stored in Germany, and processed in compliance with DSGVO, ensuring privacy while delivering actionable budgeting recommendations.
Target Audience
Primary users are German‑speaking individuals seeking a simple, privacy‑focused tool for budgeting, expense tracking, and financial planning, especially those who prefer automated categorisation and conversational insights.
Features
- CSV import with automatic detection of German bank formats (Sparkasse, ING, DKB, etc.)
- AI‑driven transaction categorisation and auto‑assign rules for recurring items
- Unlimited budget “Töpfe” for granular money allocation (free tier up to 5 pots)
- Real‑time chat “Ask Kosho” for on‑demand financial queries using actual user data
- Comprehensive AI‑generated financial reports with spending anomalies and saving suggestions
- Encrypted storage and German‑hosted infrastructure to meet DSGVO requirements
- Optional API key integration for advanced AI models (Claude, GPT, Gemini) in premium plan