Finwise

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:

1. 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.

2. 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.

3. Connect Accounts: Securely link your bank accounts, credit cards, investments, and more to have a comprehensive view of your finances in one place.

4. 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.

5. Customize Financial Scenarios: Create and compare various financial scenarios to understand how different decisions can impact your finances over time.

6. Export Data: Export your financial data to CSV format for further analysis if needed.

7. 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.

8. 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.