With Accounting and Financial Advice for All: HelloWallet Democratizes Access to Financial Information
In wake of their $3.6 million acquisition in Series A funding, we thought we’d highlight HelloWallet’s personal finance software. Grotech Ventures and AOL co-founder Steve Case and his wife Jean, have come together to back the accounting software that is currently in beta mode. The product has only been available to public for a little over 2 months, but has a reach of over 3.5 million people. HelloWallet’s goal is to bring professional financial advisors to the masses.
HelloWallet covers all of the personal accounting bases like tracking and managing personal finances, and then some. What sets HelloWallet apart from other personal accounting software is that it aims to be a full-service financial advisor for its users. The product also proactively uncovers savings opportunities and potential threats for its members.
Additionally, HelloWallet is unaffiliated with banks and doesn’t allow them to advertise or promote their products through the software. The company claims to be untouched by business interests, thereby providing users unbiased recommendations and insight. HelloWallet plans to use the funding money to further product development and build up a stellar business development team.
The HelloWallet team helps users achieve their specific short and long-term financial goals. Financial stability is within reach with HelloWallet; the personal accounting resource will assist with life milestones like buying a home, saving for retirement, reducing debt safely, and saving for college. HelloWallet does saving for college one better by storing tuition information for nearly every university and modeling the tuition out to a users expected enrollment date. Then the service can make recommendations on how to approach educational savings on a per-case basis.
The startup company already has famous fans like President Clinton who claimed “HelloWallet gives financial advice to [all] Americans”. Gavin Newsom, Mayor of San Francisco, has enlisted HelloWallet to provide the city with financial guidance to all of its residents. The company is revolutionizing the personal finance sector and helping to democratize access to financial information. HelloWallet has a rich repertoire of partners as well, including Ernst & Young, to help them provide their users and clients with the best financial advice in the industry. The service costs $5 a month, and the company has offered a free subscription to one needy family for every 5 paying members. Philanthropy and Financial stability, what more can we ask for?
HelloWallet is causing quite a stir in the personal accounting industry. The company has broken down the barrier between the haves and the have-nots by opening up access to formerly costly financial advice. For more information visit: www.hellowallet.com.
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