Haven Money
AI-powered platform for automated saving and investing.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
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Haven Money was a financial technology company that developed a wealth management platform to help users automate savings and investments. Founded in 2017 by Andrew Moreland and Elliot Marx, the San Francisco-based startup aimed to simplify personal finance. The platform utilized artificial intelligence to analyze users' income, spending, and saving habits to determine an optimal amount to set aside daily. This money was then automatically saved and invested on behalf of the user to help them reach their financial goals.
The company operated as an SEC-registered investment advisor. In December 2019, the five-person team was acquired by Credit Karma for an undisclosed amount. The acquisition was part of Credit Karma's strategy to expand into autonomous finances, leveraging Haven Money's technology to build out its savings application for its 100 million users. Following the acquisition, the Haven Money application was discontinued on December 15, 2019, with the team and technology being integrated into Credit Karma to help its members manage their personal finances.
Keywords: automated savings, wealth management, personal finance app, investment platform, fintech, financial management, automated investing, SEC-registered investment advisor, Credit Karma acquisition, retirement savings, AI finance, Andrew Moreland, Elliot Marx