Savle is a purpose-driven asset management platform that automates salary allocation through a unique budgeting system, allowing users to set savings goals and manage expenses without the need for manual tracking. By implementing automatic transfers and budget controls, Savle helps users develop effective saving habits and achieve financial independence.
Funding
Funding not disclosed
Founders
Product
Problem
Many individuals struggle to manage their salary effectively, often lacking a structured approach to allocate funds for savings, expenses, and other financial goals. Traditional budgeting methods can be time-consuming and require manual tracking, leading to inconsistent saving habits and difficulty in achieving financial independence.
Solution
Savle is a salary allocation and budgeting application that automates the process of dividing income into different spending categories based on user-defined goals. Users can allocate their salary to various savings and expense categories, and Savle automatically transfers funds according to the set percentages. The application provides a visual representation of spending, allowing users to monitor their budget and track progress toward their financial objectives. By automating the "pay yourself first" principle, Savle helps users cultivate consistent saving habits and achieve long-term financial stability.
Target Audience
Savle primarily targets employed individuals, particularly those in their 20s and 30s, who seek a more automated and structured approach to managing their salary, setting savings goals, and achieving financial independence.
Features
- Automated salary allocation based on user-defined percentages for savings and expenses
- Visual budget tracking with a spending circle that shows the rate of expense consumption relative to the budget
- Automated transfers on payday to ensure consistent savings and expense management
- Weekly budget breakdown and spending tracker to monitor expenses against allocated budget
- Open banking integration for secure and automated fund transfers
- Access to a community and educational resources focused on financial literacy and wealth building