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22seven
22seven is a finance-oriented company, focusing on personal budgeting, tracking expenses, and overall money management. The digital platform provides an all-encompassing application that automatically tracks money across multiple transactions, making personal finance administration an effortless task. A subsidiary of Old Mutual, one of South Africa's oldest and most trusted financial institutions, it is a popular choice among South Africans with over 580,000 trusting their financial data to it.
Founded and headquartered in South Africa, the company offers services to its users that centres around automatically tracking individual expenses from several accounts, thus providing a consolidated view of all finances in a single place. Services encompass fetching transactions from linked accounts, classifying them into various categories, and providing a crystal clear picture of users' monthly expenses. Beyond just tracking, 22seven offers an automatic personalized budget based on actual spending, alongside providing relevant financial insights referred to as 'Nudges.' These 'Nudges' are beneficial hints and observations about one’s finances which help users better understand and manage their finances.
22seven distinguishes itself in the market through its high-level security measures, ensuring client's data remains private, encrypted, and insured. Additionally, it boasts an active support team, ready to assist users from 8 am to 8 pm every day. User testimonials indicate company's effectiveness in helping users detect overcharges, manage debts, and simplify financial planning. By ensuring the safety of its users' data, offering a broad range of financial institutions to link accounts, and providing automated budgets based on personalised spending patterns, 22seven certainly piques interest in those seeking to streamline their budgeting and personal finance process.