FinTech News
SuperMoney Launches Personal Finance App with AI Tools
The financial products comparison tool SuperMoney is expanding, launching a new personal finance app.
About the SuperMoney App:
This week, SuperMoney announced the debut of the SuperMoney App. Now available for iOS and Android (as well as on the web), the new app promises “Financial Calm” and is powered by Sense AI.
With the SuperMoney App, users can generate automatic budgets, discover new financial products (such as those that could cut their rates), create a debt paydown plan, track their net worth, and more. Additionally, users can ask the Sense AI chatbot questions about their finances. For example, they can ask if refinancing their mortgage could be a good idea and how much they might save by doing so.
The app also boasts a unique feed interface, providing users with money insights as they swipe up (giving it a feel akin to popular social media apps like TikTok). Users can opt in to get additional insights and notifications via push alerts.
Currently, new users can enjoy a two-week free trial of the SuperMoney App with no credit card required to join. Full access membership can then be purchased for $9.99 per month or $99.99 per year if paid upfront.
What They’re Saying:
Discussing the idea behind the SuperMoney App, the company’s founder and CEO Miron Lulic stated, “Most personal finance apps show you the problem in a prettier way. We built Sense AI to actually solve it. It knows your real situation and tells you what to do next, not what to feel bad about.”
My Thoughts:
While writing this, I went ahead and downloaded the app to give it a try. To get started, it asked to do a soft pull of my credit — which it was able to do despite my reports being frozen. After doing so, it noticed that I had a mortgage and asked me to confirm my current APR. That way, when I asked about financing, it already had some insight into my current balance, rate, and credit score. Personally, I’m hoping it can now also alert me when mortgage rates drop, as I would love to refinance.
On that note, though, the downside is that this app isn’t free. I thought it was since I didn’t need to provide payment info at first — but, as I looked in the settings, I saw the membership tiers. Nevertheless, I was impressed with what I found initially and plan to dive a bit deeper by connecting my account and such before my trial is up. Put another way: stay tuned for a future review of the SuperMoney App.