There are so many apps that claim to be the solution to saving, investing and tracking your finances. Clarity Money, a new app, hopes to be the one that puts all of that in one place.
The iOS app is sort of a combination of Mint, which tracks your financial health, and Digit, which saves money in small increments. Clarity asks for your financial information, and from there tracks your spending and suggests ways to save.
The app will look out for deals to lower your bills, suggest subscriptions you could cancel and help you save money for specific goals.
"It dawned on me having been a longtime Mint user that it has a dashboard that's good about telling you what happened in the past, but it doesn't do much to take action to improve your financial health," Clarity CEO Adam R. Dell told Mashable.
The Clarity app.Credit: clarityThe app uses AI and machine learning to suggest ways to improve your finances.
"Having a holistic view of the financial picture enables us to assist the consumer," Dell added.
Dell, the brother of Dell founder Michael Dell, began working on Clarity with his team in July. So far, the app has 15,000 customers who have downloaded the app and then linked an account.
The startup raised $3.5 million in May from investors including Soros Fund Management, Next Coast Ventures, Maveron and Bessemer Venture Partners.
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