The startup offers an expense management application that automatically tracks and visualizes spending through a prepaid card system, which limits overspending. Users can easily monitor their financial status and manage expenses in real-time, enhancing their budgeting capabilities.
Funding
$59.4M 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.
SGFounders
Product
Problem
Many individuals struggle to accurately track and manage their daily expenses, leading to difficulties in budgeting and potential overspending. Existing budgeting methods often require manual input and lack real-time visibility, making it challenging to maintain financial control.
Solution
SmartBank offers OneBank, an AI-powered expense management application integrated with a prepaid Visa card, designed to simplify budgeting and provide real-time financial oversight. Users can load funds onto the card and make payments, with each transaction automatically recorded and categorized within the app. The AI assistant learns spending habits and offers personalized support for better financial decisions. OneBank also supports features like pair cards for shared expense management and a virtual card option for secure online transactions.
Target Audience
The primary target audience includes individuals and couples seeking a user-friendly solution for budgeting, expense tracking, and financial management, particularly those who want to avoid overspending and gain better control over their finances.
Features
- AI-powered expense tracking and categorization
- Prepaid Visa card for controlled spending
- Real-time expense visualization within the mobile app
- Pair card functionality for couples or shared households
- Virtual card option for secure online payments
- "Atobarai" (pay later) charging for flexible payments
- Spending limits and budget setting
- Spending insights and personalized recommendations
- Automatic spending categorization