MoneyWellth: Simplifying Financial Health for All
What MoneyWellth does
MoneyWellth is a fintech company on a mission to boost financial literacy and health by providing easy-to-use budgeting tools and education. With a goal of creating financial equity, they offer a free app that tracks spending, builds savings, and educates users on managing their wealth.
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What’s Currently Going on in the Industry?
Fintech is booming, and while some apps focus on investment, like Robinhood and Acorns, the budgeting space is heating up with RocketMoney, Monarch Money, and YNAB. Yet, the connection between personal finance and overall well-being is rarely addressed. Enter MoneyWellth, combining financial management with holistic wellness.
Company Birth Story
In 2017, Jillian Krenk and David Ashley—a healthcare veteran and a doctor—were having one of those "what if" moments. They realized their peers, despite different generations and careers, faced the same financial struggles. They conducted a three-year study tracking financial health's impact on well-being, and guess what? Turns out, people with financial stability not only paid their bills on time but also smoked less, ate better, and stressed less. Groundbreaking? Maybe not, but it sure sparked the birth of MoneyWellth.
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The Solution
MoneyWellth takes personal finance and turns it into a holistic health tool—without the fluff. They work with 350+ organizations, providing employees with premium access to a full suite of budgeting tools. The free version of their app lets anyone connect accounts, track spending, and access financial education resources. And because they’re just that generous, starting in Fall 2024, MoneyWellth will offer a free budgeting course for teachers and students. Because why wait until you're already buried in debt to learn how to manage your money?
Why You Should Try Them Out
Because it's free! Seriously though, if you're tired of juggling apps for different aspects of your financial life—one for budgeting, one for investing, one for learning—MoneyWellth brings it all under one roof. Plus, it’s backed by research that says using it might actually make you healthier. Who knew tracking your spending could save you from eating that second pint of ice cream?
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Looking for exceptional global talent? Reach our community by posting your job for free. (Also, if you’re looking for your next challenge, you can find incredible opportunities there too).
Why You Should Invest
Financial literacy is more important than ever, and MoneyWellth is betting big on the link between financial and personal health. With Mint’s exit from the market, MoneyWellth is filling a massive gap. Combine that with a national rollout of free education for students, and you’ve got a company making a long-term impact. Oh, and did we mention they’re already working with hundreds of organizations? It's not just an app, it's a movement.
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