Moneytree launches budgeting tool to help Australians better manage their finances

August 30, 2019

Moneytree launches budgeting tool to help Australians better manage their finances

SYDNEY: Moneytree, the mobile app that lets you see all your banking and financial accounts in one place, is today launching Moneytree Grow, a paid service to help Australians better manage their daily expenses and plan for the future.

Moneytree Grow brings a number of features to help people to understand their financial behaviour and develop better habits. These include:

Moneytree Grow is a paid upgrade to Moneytree’s free mobile app, which helps users to link and see all their financial accounts – including current bank accounts, savings, credit cards, super, brokerage accounts, public transport cards and loyalty points – all in one place.
Paul Chapman, Chief Executive and Founder of Moneytree, said: “We are evolving our app to deliver what Australian users have been increasingly asking from us, a tool that sits on top of our existing, free financial data aggregation service to help them control their spend, and make real financial progress.”
“We’ve been excited to see users engage with our app since we launched in Australia in 2017. Now, with Open Banking just around the corner, we are starting to make some big changes.”

Setting yourself up for success

“A great starting point to improve your financial well-being is to really understand what you’re spending money on. With more and more people cherry-picking the best credit cards and bank accounts, you’ll be better off with an automated tool like Moneytree Grow to help you successfully steer the course,” he added.
Users of the Moneytree app can also customise their spending cycle to have it start at any point in the month, for example, to make it coincide with their payday.
The Moneytree Grow update is available from today for iOS. The paid version is priced at A$4.49 per month or with a 12% discount for annual subscribers. You can also try these new features free for one month.
As with the free version of the Moneytree app, user data remains 100% private and is not mined for advertising purposes. This strict company policy is certified by TrustArc, a globally recognised privacy verification program.

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About Moneytree

Moneytree is a fintech company founded in 2012 in Japan and started providing Moneytree, a personal financial management service which enables people to manage financial assets in a single place since 2013, contributing to better management of their personal finances, and helping to maintain financial wellbeing. In 2015, Moneytree launched Moneytree LINK, the financial data platform for businesses, and it has been recognized as the standard API in financial and accounting industries. Moneytree received investments by, the venture capital arms of all three Japanese mega banks, SBI Investment, the venture capital arms of regional financial institutions and major international investment companies. Moneytree’s goal is to build a most trusted data platform.

About Moneytree LINK

Moneytree LINK is a data aggregation and portability platform for financial institutions. Moneytree LINK has more than 60 enterprise partners in Japan, including the Japanese megabanks and many of the top-rated regional banks, as well as the leading accounting service providers. In Australia, Salesforce and Rollit Wealth are Moneytree LINK’s first enterprise partners, with more to follow, helping Australian financial institutions prepare for the introduction of Open Banking with its strategic enterprise-wide Open Banking solution.

Company profile

Moneytree Financial Technology Pty Ltd
CEO Paul Chapman
Capital: 2.56 Billion Yen including capital reserve as of April 2020 
Founded: April 23, 2012

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