Budgetwise is a state-of-the-art personal finance management application, harnessing the power of AI and a seamless user interface to facilitate annual savings of $10,000 for up to 39M Americans.
Current Status
Budgetwise currently has well over 7000 users and a perfect rating on the app store, and our goal is to launch our revenue operations by Q1 2024.
Problem or Opportunity
Every year in the United States, 15% of working adults lose over $10,000 due to lack of access to personalized finance management, which adds up to $400B a year; on top of that, underserved households have more than 8x fewer savings than their counterparts, in fact, the median Black household wealth was forecast to hit zero by 2053 according to a report by Prosperity Now and Institute for Policy Studies. Lack of access to proper financial planning and resources is a great contributor to this. With our AI-enabled technology, we aim to solve this problem and close the wealth gap.
Solution (product or service)
At Budgetwise, we've harnessed the power of artificial intelligence to revolutionize personal finance management. Our AI-powered app offers a seamless and intuitive way to navigate the complexities of money management. By combining cutting-edge technology with a supportive community and a user-friendly interface, Budgetwise.ai empowers individuals to take control of their financial journey like never before. Our mission is to simplify finance and foster financial well-being for all.
Business model
Users can subscribe to the premium version of our freemium application for up to $7.99 per month for access to premium features including our unlimited account connections, unlimited budgets, unlimited budget shares and more.
