How they describe themselves: Technology has made it easier to pay bills but not any easier to manage them. MoneyStream is a next-generation personal financial assistant that takes the complexity and drudgery out of day-to-day financial management. Today’s busy, digitally connected, and on-the-go consumers can easily manage their 25+ biller relationships in user-friendly language on any device in any location. Our continuous engagement platform creates an opportunity for partners to leverage a customer base with 2-3x standard engagement and retention, and a source of rich permission-accessed data that allows us and partners to provision new offerings to highly targeted consumers at the point of need.
How they describe their product/innovation: MoneyStream sits in between other financial institutions, consolidators, and aggregators, using patent pending technology to manage the complex network of money and creating a direct relationship with the consumer. In addition, MoneyStream’s smart technology uses learning algorithms to detect and predict a user’s spending patterns and do a significant part of the user setup for them, just as a trusted personal financial assistant would do. The free service lets users view and pay bills, detects upcoming money issues, and provides visibility to a future cash flow, with little or no effort on the user’s part.
Product distribution strategy: Direct to Consumer (B2C), B2B2C Partners