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Overdraft avoidance app Emma opens closed beta

04 December 2017  |  2043 views  |  0 Source: Emma

London-based Emma Technologies LTD has started rolling out invites to join its closed beta.

After successfully releasing Emma, an app for Android and iOS, the company has given priority access to the thousands of users who signed up on the website.

Emma is a mobile only solution that helps consumers avoid overdrafts, find and cancel subscriptions, track debt and save money. The app can save up to £600 a year by solving these four problems. The product aims at providing a consumer focused banking experience, with the only aim to improve the financial situation of its users.

In the past years, managing money has become extremely difficult. People tend to have multiple accounts, several contracts, different credit cards and the challenges of having everything under control keep growing. Emma wants to put an end to this. Money management should be easy and straightforward. Consumers should be able to access all the information regarding their personal finance from the push of a button.

Emma is here to solve this problem and try to give customers a different banking experience, which puts them first, not their money or background. The company believes anyone should have an advocate that is able to help in the daily life, no matter who they are and where they come from.

“We started developing Emma on a mission to improve people’s financial well being. We are thrilled to on board the thousands who signed up to our wait list. We believe people deserve a private wealth manager that only serves their interests and is able to improve their finances. Open Banking will enable Emma to disrupt the personal finance industry and help consumers save more money.” - Edoardo Moreni, CEO and Co-founder of Emma Technologies LTD.

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