- Users can also look up transactions by merchants or categories and get reminders for bill payments and subscriptions.
- Users need to link their bank accounts and allow the app to automatically categorise their expenses, track their transactions, and analyse their spending.
Dubai-based fintech startup Sav has launched ‘MyMoney’ app to help the mass-affluent UAE residents track, analyse and gain deeper insights into their cash flow.
The app consolidates users’ financial data from all their bank accounts, and presents it on one beautiful dashboard. Users can also look up transactions by merchants or categories and get reminders for bill payments and subscriptions.
“Today’s consumers juggle multiple financial accounts, making it hard to track spending. Sav MyMoney simplifies this by bringing everything together in one place. With visuals and clear insights, we’re empowering people to confidently manage their money,” Purvi Munot, Co-founder and CEO at Sav, said.
Leverages Google’s Gemini AI
To set up Sav MyMoney, users simply link their bank accounts and allow the app to automatically categorise their expenses, track their transactions, and analyse their spending.
To provide near-perfect categorisation and intelligent insights, MyMoney leverages Google’s Gemini AI that has multimodal capabilities allowing it to generate and process text and images seamlessly.
The app also offers a transaction history of up to 180 days, enabling users to review past spending patterns and identify trends to make informed financial decisions.
As part of its commitment to privacy and security, user data is used solely for the purposes that users have consented to: to provide insights into users’ financial reality and help them shape it. Users can revoke consent at any time.
Adds Mithil Ajmera, Co-founder and COO of Sav, said that they are deeply committed to users’ privacy and security.
“All data is securely encrypted and protected, and we follow strict privacy policies and security measures to keep user data safe. We don’t want to know how our users use their money. We want them to know it, so they can optimise their expenses and cash flow.”
Sav was recently identified by Google as the 10 women-led startups in AI in the MENA region and ever since, it has launched multiple products and features to make money management easier for their users.