Finwise
3.80
0
FinWise helps manage finances with tools for planning, tracking, analysis, and includes an AI assistant for support.
What is Finwise?
FinWise is a personal finance management platform founded by Jason Russell and Nicol Vojacek in February 2023. It aims to help individuals manage their finances effectively by offering features such as planning financial futures, tracking progress, analyzing spending, income, savings, net-worth, and more. FinWise has over 1,900 users as of July 2024 and provides a subscription-based service without displaying ads or selling user data to third parties. The platform also includes an AI tool called FinWise Assistant to assist users in managing their financial profiles through customized onboarding, AI assistance on various financial topics, and personalized support. Security and privacy are key considerations in the design of FinWise Assistant, ensuring the protection of user data.
Who created Finwise?
FinWise was created by Jason Russell and Nicol Vojacek in February 2023. The company's mission is to offer the best personal finance management platform globally, dedicated to assisting individuals in managing their finances effectively. As of July 2024, FinWise has garnered over 1,900 users and continues to grow rapidly, focusing on providing a comprehensive and user-friendly solution for financial management.
What is Finwise used for?
- See all your accounts in one place
- Save money and keep tabs on your spending
- Plan your financial future and track your progress
- Analyse your spending, income, savings and more
Who is Finwise for?
- Accountants
- Financial Advisors
- Software engineers
- Designers
- Finance professionals
- Start-up founders
- Financial Professionals
- Start-up professionals
How to use Finwise?
To effectively use FinWise, follow these steps:
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Start Planning: Input your financial details like income, expenses, assets, and liabilities to create a plan for your financial future. Monitor your progress against this plan.
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Gain Insights: Analyze your spending, income, savings, and net-worth to understand your financial situation better. Use the insights to work towards your financial goals.
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Connect Accounts: Securely link your bank accounts, credit cards, investments, and more to have a comprehensive view of your finances in one place.
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Budgeting: Set up budgets for different categories to manage your spending effectively. Track your expenses, compare them month by month, and ensure you stay within budget.
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Customize Financial Scenarios: Create and compare various financial scenarios to understand how different decisions can impact your finances over time.
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Export Data: Export your financial data to CSV format for further analysis if needed.
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Utilize FinWise Assistant: Take advantage of the AI-powered FinWise Assistant for personalized guidance on financial topics, nudges to stay on track, and easy access to helpful information.
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Ensure Security: Trust in the secure design of FinWise to protect your data and privacy while using the platform.
By following these steps, you can effectively manage your finances, gain insights, budget smartly, and make informed decisions with the help of FinWise.
Pros
- FinWise Assistant provides household management and Developer API functionalities in addition to its AI capabilities.
- By utilizing the AI capabilities of FinWise Assistant, users can expect an improved financial management experience that is informative, personalized, and secure.
- FinWise Assistant is part of the broader FinWise platform, which includes additional offerings such as a referral program, resources for financial advisors, and comparisons with other financial management tools like Mint.com, YNAB, and 22Seven.
- Users can access FinWise Assistant through their FinWise accounts and leverage its functionality to optimize their financial management practices.
- The tool is built with security and privacy in mind, ensuring the protection of user data.
- In addition to its AI capabilities, FinWise Assistant offers other features such as Household management and Developer API.
- The tool is designed to enhance user experience and enable individuals to make informed decisions regarding their money management.
- FinWise Assistant aims to simplify the financial management process by providing users with easy access to helpful information and personalized support.
- The tool offers features such as customised onboarding for FinWise accounts, AI assistance on various financial topics, and the ability to receive nudges and assistance from the AI Financial Assistant.
- FinWise Assistant is an AI tool designed to help users manage their financial profiles and money more effectively.
Cons
- Limited information on specific cons/features missing from FinWise
- No detailed comparison with other AI tools in the industry to identify missing features
- Lack of information on whether the tool justifies the value for money considering the price
Finwise Pricing and plans
Paid plans start at $8.99/month and include:
- Budgeting
- Net-worth Tracking
- Account Syncing
- Trends & Analysis
- Bills & Subscriptions
- Plans & Forecasting
Finwise FAQs
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What is FinWise?
- FinWise was founded by Jason Russell and Nicol Vojacek in February 2023 with the goal of being the best personal finance management platform in the world.
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How many users does FinWise have?
- FinWise has over 1,900 users as of July 2024.
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What does FinWise Assistant offer?
- FinWise Assistant is an AI tool designed to help users manage their financial profiles and money more effectively. It provides features such as customized onboarding, AI assistance on various financial topics, and personalized support.
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What features does FinWise Assistant include?
- FinWise Assistant offers features such as Household management and Developer API.
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How does FinWise ensure data security?
- The tool is built with security and privacy in mind, ensuring the protection of user data.
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What are the pricing options for FinWise?
- The monthly subscription fee for FinWise is $8.99, with an annual option available for a 17% discount. The platform includes features such as budgeting, net-worth tracking, account syncing, trends & analysis, bills & subscriptions, and plans & forecasting.
Get started with Finwise
Finwise reviews
Thabo Moyo
November 29, 2024
What do you like most about using Finwise?
I appreciate the user-friendly interface that makes it easy to track my expenses and income. The AI assistant is quite helpful in providing personalized tips on budgeting.
What do you dislike most about using Finwise?
The subscription fee seems a bit high for the features offered. I expected more advanced analytics for the price.
What problems does Finwise help you solve, and how does this benefit you?
Finwise helps me keep my spending in check and plan for the future. However, it lacks some deeper investment tracking features that I would like to see.
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Asha Okafor
December 21, 2024
What do you like most about using Finwise?
The AI assistant is fantastic! It gives tailored advice that really helps me manage my finances better.
What do you dislike most about using Finwise?
Sometimes, the app can be a bit slow to load, especially when analyzing spending habits.
What problems does Finwise help you solve, and how does this benefit you?
It helps me budget effectively and stay on top of my savings goals. I feel more in control of my financial future.
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Sophie Van der Meer
November 23, 2024
What do you like most about using Finwise?
I love the planning features that allow me to set and track my financial goals. It’s motivating to see my progress.
What do you dislike most about using Finwise?
The onboarding process could be more intuitive. It took me a while to understand all the features available.
What problems does Finwise help you solve, and how does this benefit you?
Finwise helps me stay organized with my finances and provides insights into my spending patterns. This awareness has helped me save more.
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