Financial Literacy Apps and Startups

Financial literacy is an important aspect of life that will help you manage your finances like your income, debts and ultimately, learn how to grow your money. Unfortunately, in schools, we are not taught about financial literacy leaving people to use trial and error and see what works best for them. That is not a good way to go about it since you are likely to make mistakes along the way. Financial literacy companies are on the rise to help people manage their finances. In this article, we are going to list some financial education startups you can consider.

Acorns

Acorns is an app that helps people to know how to earn, save, invest, spend and grow their money. The app is available on Google Play and App Store. It is not enough to e financially literate but you need to put the knowledge into action to grow your money.

Credit Karma

Credit Karma is a financial literacy app that teaches young adults and students how to save money. You can download the app from Google Play or App Store. The startup works under five pillars that financial literacy is held under-saving, budgeting, bank accounts, credit cards and credit scores. The app can help you budget and manage your finances to grow your money.

Akiba

Akiba is a South African financial literacy platform launched in 2017. You can download the app on Google Play or App Store. The startup mainly targets South African millennials. Some of the problems that it is aiming at addressing include complex financial language, difficulties in accessing financial products and lack of effective goal-setting tools. Through the app, you can track your goals, save for a bad day by depositing funds into a savings pot.

Reonomy

Reonomy is a property and financial literacy platform for brokers, lenders, investors to help them locate opportunities and risks. It is a private company founded in the USA in 2013. The platform mainly deals with investment in real estate, offices and retail and industries.

Discover

Discover is a financial platform that aims at helping people gain some financial education. They have a wide array of products and tools for financial literacy. You will learn about personal finance, budgeting, money management skills, emergency funds, how to pay off debts. Through their publications, you can gain financial freedom by balancing spending and saving. You will also learn how to manage debts and how to pay them off. Also, if you are a student there are resources for you on how you can evaluate student loans.

Money Smart

Money Smart is a financial literacy company that teaches people of all ages about money. It is located in the USA and you can get online resources. You get some financial skills to enable one to develop positive baking relationships. You can access financial tools like games, podcasts and ways to engage with other people to improve your financial skills.

SoFi

SoFi is one of the largest student loan providers founded in 2011 in the USA. The platform helps students accelerate their ambitions by providing loans. Besides, they also offer financial education to help students learn how to manage and repay loan loans. You can get loan refinancing, MBA loans and mortgages.

Lending Club

Lending Club was founded in 2006 in the USA. It offers alternative banking and affordable rates to borrowers while investors get better returns. It is an online credit platform that also provides financial literacy to its customers. It provides new ways of thinking and doing things thereby help its customers to grow their wealth. They also contribute innovative ideas and opportunities to people.

Salary Finance

Salary Finance was founded in the United Kingdom in 2015. It has partnered with organizations and employers to offer money solutions to their employees. Their main motive is to help employees improve their lives by improving their finances. They help one improve their financial ability by offering financial products and educational resources. These financial products are provided through your employer and they are meant to help you have control over your finances.

Stash

Stash is fintech startup that was started in 2015 to help people invest in the financial market. Stash has acquired financial literacy platform PayGrade. The acquisition is intended to enrich its commitment to financial literacy. PayGrade’s personal finance curriculum is used by school administrators and teachers. The curriculum simulates banking and investing. Stash will expand the financial literacy tools to parents to teach money skills at home.

More Information

Financial literacy is an important aspect of life. Since we are not taught very well how to manage and grow money in schools, finding some financial literacy companies can help you manage, have control and even grow your finances. Do you want to learn more about how to manage your finances? Find a financial literacy company that is within your field and then sign up and start learning more about money.

Vincent is a writer with an interest in finance, business, technology and health niche. He holds a Bachelors degree in Applied Statistics with computing. Read more about Vincent and see our complete editorial team at FiFi.