FinTech Hub: savedroid app now works with artificial intelligence

21 Feb 2017

FinTech Hub: savedroid app now works with artificial intelligence

Titel: savedroid

The app of the fintech savedroid, which has been based at Deutsche Börse FinTech Hub since April 2016, is now even more clever - thanks to a money saving algorithm based on artificial intelligence. In the first step, the algorithm analyzes income and expenditure on the user's account. In the second step, whenever there is financial leeway, it places a small amount on the savedroid savings account.

This way, the app automatically saves now and then a few euros without users having to think about it. "This is an important milestone in the direction of autonomous saving," says Dr. Yassin Hankir, founder & CEO of savedroid AG. The app is free and is expected to exceed the mark of 100,000 downloads by March 2017. In June last year, the company closed a seed financing round of €1 million.

savedroid was founded in September 2015. The app of same name helps users to put small amounts of money aside in order to save money for wishes such as a world trip, a new Macbook or a design couch.

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