Vrid is a personal finance app for Indian users that automatically tracks expenses and investments, including mutual funds and EPF. The app categorizes transactions and provides financial insights while prioritizing user privacy.
Funding
Funding not disclosed
Founders
Product
Problem
Many Indian users struggle to manually track their expenses and investments across various bank accounts, credit cards, digital wallets, and investment platforms. This makes it difficult to gain a holistic view of their financial situation and plan for long-term wealth growth.
Solution
Vrid is a personal finance application designed for Indian users that automatically tracks expenses and investments in one centralized location. By securely accessing SMS transaction data from banks and other financial institutions, Vrid automatically categorizes transactions to provide users with detailed insights into their spending habits. The application also allows users to monitor their investment portfolio, including mutual funds and EPF, to facilitate long-term financial planning. Vrid aims to simplify personal finance management and empower users to make informed financial decisions.
Target Audience
Vrid targets Indian users who want a simple and efficient way to track their expenses, manage their investments, and gain insights into their financial health.
Features
- Automated expense tracking through SMS transaction analysis
- Investment tracking across various asset classes, including mutual funds and EPF
- Interactive charts and visualizations for expense breakdown and spending habits
- Real-time insights into financial health with detailed reports and analytics
- Secure data encryption and privacy measures to protect user financial information
- Automatic categorization of transactions for simplified expense management
- Support for bank accounts, credit cards, digital wallets, and cash transactions