Qapital – Everything you need to know

Qapital is a fintech company that provides a savings and financial management app designed to help users automate and optimize their savings goals. Founded in 2012 and based in New York, Qapital combines behavioral economics with modern technology to create a platform that encourages users to save money effortlessly while offering insights into their spending habits.

At the core of Qapital’s offering is its savings app, which allows users to set up and manage multiple savings goals. The app employs a unique approach to saving by integrating various savings mechanisms that align with users’ financial behaviors and preferences. Users can set specific savings goals, such as saving for a vacation or an emergency fund, and the app helps them achieve these goals through automated savings methods.

One of Qapital’s standout features is its “Rules” system, which allows users to automate their savings based on predefined rules. For example, users can set up a rule to round up their purchases to the nearest dollar and save the difference, or save a fixed amount of money every time they make a purchase.

The app also includes features for tracking spending and managing finances. Users can link their bank accounts and credit cards to the app, allowing Qapital to categorize transactions and provide insights into spending patterns. This feature helps users understand their financial habits and make informed decisions about their budgeting and saving strategies.

Overall, Qapital’s combination of automated savings features, spending insights, and investment options makes it a comprehensive tool for individuals looking to improve their financial habits and achieve their savings goals. Its user-friendly interface and innovative approach to saving set it apart as a valuable resource for managing personal finances effectively.