Medean

About the offering

Our company is focused on making personal finance more simple, providing guidance to improve, and giving incentives that motivate users to take positive action with their finances. Millennials struggle to manage their finances, yet very few seek help. Personal financial management is the greatest challenge facing millennials today. On average, they have over $27k in debt and a negative 2% savings rate. Managing your finances can be a confusing and often stressful process, thanks to the complexity of the financial world. As a result, most people don’t actively track their finances or set goals, making it hard for young millennials to understand how they are doing and what to improve. More than 70% are unsatisfied with their current financial situation yet less than 20% are engaged. Fintech works in silos. Fintech's response is to specialize by product or service; the offering is essential to the company, not the user. Most solutions focus entirely on investment advice and fail to account for the entirety of a person’s situation and goals in life. The problem is they’re not helping you figure out if, instead of investing your money, you should use it to pay off debt or set it aside in a less risky savings account to buy a home in a few years. Medean brings everything together. Medean is the all-in-one budgeting app and financial planner that brings all aspects of your finances together in a simple and intuitive way. We have developed relationships with multiple financial institutions, allowing users to link all their accounts in one place and see the entirety of their financial life so they can make more holistic decisions with their money. Medean creates a personalized Journey for each user depending on where they are in their life, whether they want to figure out how much money they should save each month or need advice on how to tackle their debt. The Journey is built on a proven framework that increases in complexity as your financial health and literacy improves.

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