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Get rich slow: The new wave of savings apps

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Get rich slow: The new wave of savings apps

The past few years have seen an explosion in startups aimed at helping you save, invest and spend in a cheaper and wiser way.

It’s mostly a good thing. For too long, the financial industry hasn’t had much competition from the technology industry—and it’s made it all too easy to take advantage of consumers as a result. But that’s not the case anymore.

The financial technology (or: “fin-tech”) industry is slowly stripping away the ways banks make money, leading to a growing group of startups offering services to help you manage your money

But with an explosion in choices, there comes some confusion along with it.

 

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