The latest version of the app introduces new saving and spending rewards, the ability to react to transactions with emojis, and the option to remove members from any Circle. User reviews highlight the convenience of the app, the high interest rate for savings, and the usefulness of the Circle feature for managing finances with friends and clubs. The app collects and links financial and contact info to the user's identity, but usage data and diagnostics are not linked to the user's identity.
Key takeaways:
- Finnt is a financial management app designed for students, their friends and family, offering features such as shared expense management, AI banking advice, savings goals with 4% APY, 3% cash-back on selected merchants, smart budgeting, and instant transfers.
- The app also ensures security and privacy of users' financial information through advanced encryption technology.
- Finnt is based in Miami and has raised $3.5M from investors like Y Combinator, Khosla Ventures, Franklin Templeton and more.
- The app's privacy practices may include handling of data such as contact info and financial info linked to the user's identity, and usage data and diagnostics not linked to the user's identity.