This open banking app empowers European users to automate savings and investment strategies. By connecting to existing bank accounts, the platform facilitates personalized financial planning and execution.
Funding
Funding not disclosed
Founders
Product
Problem
Many individuals find it challenging to consistently save and invest due to the complexities of managing multiple bank accounts and identifying suitable investment opportunities. Traditional savings accounts often offer low returns, failing to keep pace with inflation and hindering long-term financial goals.
Solution
SAVI is an open banking application designed to automate savings and investment strategies for European users. By securely connecting to a user's existing bank accounts, SAVI enables automated saving and investing into diversified, vetted peer-to-peer lending platforms. The platform offers a debit card for accessible spending, while the remaining balance continues to earn returns through crowdfunded loans. SAVI aims to simplify personal finance by optimizing savings, facilitating investments in people and businesses, and promoting financial literacy through educational content.
Target Audience
SAVI targets individuals in Europe who seek to automate their savings and investment strategies, particularly those interested in peer-to-peer lending and crowdfunding opportunities.
Features
- Open Banking integration: Connects to multiple bank accounts for a unified financial overview.
- Automated savings: Facilitates consistent saving habits aligned with individual lifestyles.
- Peer-to-peer lending: Auto-lends savings to a diversified portfolio of credit-checked borrowers.
- Diversified investment: Partners with regulated crowdfunding platforms across the UK and EU.
- SAVI Debit card: Enables spending directly from the SAVI account, while the remaining balance continues to earn.
- Compound interest: Automatically reinvests earned interest to maximize returns and combat inflation.
- Personal finance education: Provides mini-courses and motivational content to improve financial literacy.
- Real-time notifications: Instant transaction alerts for better control over savings and spending.