Magie is a smart banking solution integrated within WhatsApp, allowing users to make Pix transfers and pay bills through text, audio, or image commands without needing a separate app. This service simplifies financial transactions and enhances user convenience by automating payment management and providing 24/7 human support, all while ensuring data security through encryption and authentication measures.
Funding
$28M 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.
AWFounders
Product
Problem
Many Brazilians face challenges in managing their finances due to the complexity of banking apps and the need to switch between multiple apps for different transactions. This can be time-consuming, especially for individuals who frequently make payments throughout the day.
Solution
Magie offers a streamlined banking experience within WhatsApp, leveraging AI to simplify financial transactions. Users can send money, pay bills, and schedule payments using text, audio, or image commands directly within the chat interface. The AI-powered assistant understands natural language and processes instructions, eliminating the need to navigate complex banking apps. Magie also provides 24/7 human support and ensures data security through encryption and authentication measures. By integrating with Open Finance, Magie aims to connect with multiple banks, expanding its functionalities and providing users with a comprehensive financial management tool.
Target Audience
Magie primarily targets individuals in Brazil, particularly those who frequently conduct financial transactions and seek a convenient, user-friendly banking experience within WhatsApp.
Features
- AI-powered chatbot that understands and executes financial commands via text, audio, or image within WhatsApp
- Ability to make Pix transfers, pay bills, and schedule payments through the chat interface
- 24/7 human support for assistance with transactions and account management
- Integration with Open Finance to connect with multiple banks and expand service offerings
- End-to-end encryption and authentication measures to ensure the security of user data and transactions
- Automatic bill management to consult values, schedule payments, and pay with a single touch
- Wallet-based authentication for secure on-chain transactions