Brazil's Money Management Fintech Allya to Use Machine Learning to Create Digital Assistant for Financial Advice after Successful Seed Round
Summary
The capital raised will be used to help Allya with developing a digital assistant that will aim to offer financial advice to employees. The new product from Allya will try to understand consumers’ spending habits or behavior and offer practical advice and tips, so that they can effectively manage their earnings. The new money management product supports the Fintech company’s goal to help employees with saving more of their income, whether it’s through special discount offers or acting on sound financial advice. UK Fintech Flex recently announced the launch of its money management app to help people solve their financial problems. In June 2020, Polish-British Fintech Symmetrical.ai, which helps employees maintain financial wellbeing, secured $6.3 million in seed funding.