A Cape Town based startup whose roots are in the financial technology industry, Thursday 4th of December pioneered an App that will not only help people save money, but it will also assist them to use it efficiently reports TechCentral.
Bsavi, pronounced as “be savvy”, is currently in invitation-only beta and plans to launch its services next year.
Founder and CEO of Bsavi, Tobie van Zyl said, “We live in the age of social networks, Google Now and artificial intelligence, all of which have already started to shift how we connect, communicate and transact in the information age.”
“Banking tomorrow won’t be a place you go to but something that you do,” he added.
According to TechCentral, Van Zyl co-founded Moneysmart in 2010, a platform that can be used by people to manage all their financial matters in one place, from banking and expenses to insurance and investments.
Val Zyl explained that Bsavi is not a traditional money management tool, but rather a spend management tool that shows its users exactly how much they can spend on a daily bases after all their planned and fixed expenses have been accounted for.
“Bsavi was always building a platform to connect consumers directly to banks and credit providers and the e-commerce ecosystem in a secure and seamless way,” he said.
The App had 13 000 pre-launched local and international customers signed up on its private beta programme when it was introduced and is adding 100 people every two weeks. This, said van Zyl, allows the start-up to optimize the algorithms used by the application.
The developer of the App hopes to “reinvent the financial ecosystem” with its financial data transaction exchange for banks, credit providers and retail and commerce companies. This platform will securely connect to users’ financial graphs on their own terms.
For more info, you can visit bsavi.com