Oinc

Oinc is a mobile app that automates personal finance management and savings by aggregating bank accounts and offering personalized budgeting. It helps users build wealth through features like recurring deposits and round-ups, investing their savings in public securities for interest.

Updated 2 months ago

Funding

Funding not disclosed

Funding rounds are not available yet.

Founders

Founder details are not available yet.

Product

Problem

Many individuals struggle with consistent saving and financial organization due to complex budgeting tools and a lack of automated savings mechanisms. This often leads to missed financial goals and difficulty in building wealth over time.

Solution

Oinc provides a user-friendly mobile application designed to automate personal finance management and savings. The platform aggregates bank accounts and credit cards, offering automatic expense categorization and personalized monthly budgeting. Key features include recurring deposits and a "round-up" functionality that saves spare change from transactions, making saving effortless. Users can set financial goals and track their progress, with funds invested in public securities that yield competitive interest rates.

Target Audience

The primary target audience includes millennials and young adults seeking a simple, automated solution to manage their finances and build savings habits.

Features

Aggregation of bank accounts and credit cards for a consolidated financial overview.
Automated expense categorization, including recurring subscriptions.
Personalized monthly budgeting tools based on spending categories.
Recurring deposit feature for scheduled savings transfers.
"Round-up" functionality automatically saves the difference from transactions to the nearest whole number.
Goal-setting feature to track progress towards specific financial objectives.
Investment of user funds in Tesouro Selic (Brazilian Treasury bonds) for interest accrual.
Secure data hosting on Google Cloud with high-level data encryption.