Australian FinTech aims to help 130 Million people save.
This week, Australian based Fintech startup, SavR Inc, launched a Kickstarter campaign to generate support for the upcoming launch of their personal savings mobile app. Designed to tackle the widespread problem of financial stress, particularly a dramatic lack of personal cash savings, the Kickstarter campaign will run until September 23 and is encouraging early supporters with offers including lifetime free use of the app. With plans for release in the US and Australian markets before the end of 2017, the SavR team is excited to be offering a solution affecting millions of people around the world.
C.E.O and Founder Tim O’Shea has stated “almost 50% of adults in the US and Australia have less than $500 in personal savings, which is a very worrying number. We are passionate about building a solution that helps our users solve that problem in the easiest and quickest way possible”. SavR is based on the principle of linking the app to your everyday transaction account, rounding each transaction up to a whole dollar and putting the loose change in a dedicated savings account. This provides each user the flexibility to choose what they want to save for, and how they use the money. Users can save for bills, like car insurance, they can direct their savings to reduce student loans or mortgage debt, save for a vacation or any other purpose they choose.
SavR is based in Australia, and have just secured a new office location in San Francisco. Founded in 2017, with a dedicated team of Co-Founders, SavR aims to assist everyday users to build their personal savings, and enjoy a more comfortable financial future.
For information on how SavR works, visit their website at www.savr.online
To support SavR on Kickstarter, visit www.kickstarter.com