MoneyPlanned is an automated financial planning app that consolidates users' financial data, enabling personalized goal setting, investment tracking, and expense management in one platform. It addresses the challenge of financial disorganization by providing a streamlined approach to achieving both short-term and long-term financial objectives.
Funding
$6.3M 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 individuals struggle to manage their finances effectively due to fragmented financial data, making it difficult to set personalized goals, track investments, and manage expenses in a unified manner. This disorganization can hinder progress towards achieving both short-term and long-term financial objectives.
Solution
MoneyPlanned is a financial planning platform that consolidates a user's financial data, enabling personalized goal setting, investment tracking, and expense management. The platform allows users to link various financial accounts, including bank accounts, investment portfolios, credit cards, and loan accounts, to provide a comprehensive view of their financial footprint. MoneyPlanned offers tools for planning various goals, such as retirement, home purchase, and child's future, while accounting for inflation, market volatility, and taxes. The platform also provides expense tracking, tax planning, and investment advisory services, including robo-advisory for goal-based investments in mutual funds.
Target Audience
MoneyPlanned targets individuals seeking a comprehensive financial planning solution to manage their finances, set and achieve financial goals, and gain insights into their overall financial health.
Features
- Goal-based planning tools for retirement, home purchase, child's future, and other financial objectives
- Automated investment recommendations in mutual funds and ETFs tailored to specific goals and risk profiles
- Secure linking of bank accounts, credit cards, investment portfolios, and other financial accounts for a unified view
- Automated expense tracking and categorization to monitor spending habits
- Tax planning tools to maximize savings and identify potential deductions
- Robo-advisory services for goal-based investment portfolios
- Financial health score to track progress and identify areas for improvement
- Investment options in bank deposits with assured returns