SpendAble provides an automated budgeting platform specifically designed for individuals with disabilities, utilizing smart technology to manage and allocate disability payments. The solution includes support worker cards, enabling users to maintain financial independence while ensuring efficient fund distribution.
Funding
$65.2K 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
Individuals with disabilities often face challenges managing their finances, particularly when relying on support workers or navigating complex payment systems. Traditional money management methods can lack transparency and control, creating difficulties for both participants and their caregivers. This can hinder financial independence and make it difficult to adhere to compliance requirements.
Solution
SpendAble offers a money management platform designed to provide transparency, accountability, and control over spending for individuals with disabilities and their support networks. The platform includes a Spendable debit card and mobile app that allows participants to manage budgets, track transactions in real-time, and connect securely with support workers. Support workers can make purchases on behalf of participants, while parents, guardians, and finance teams can monitor spending, capture receipts, and set spending rules. SpendAble aims to simplify financial management, promote financial literacy, and ensure compliance with regulatory standards.
Target Audience
SpendAble serves individuals with disabilities, their support workers, parents, guardians, service providers, and finance teams who require a secure and transparent platform for managing disability-related funding and expenses.
Features
- Spendable debit card for participants to manage day-to-day spending.
- Mobile app for participants, support workers, and finance teams to track transactions and manage budgets.
- Real-time transaction tracking with receipt capture.
- Secure connection for support workers to make purchases on behalf of participants.
- Customizable spending rules and budget settings.
- Cash management tools to track cash balances and transactions.
- Reporting features for transparency and compliance.
- Parent and guardian view for monitoring support worker spending.
- Integration with the Spendable debit card.
- Designed to meet Quality & Safeguard requirements.