Copilot is a subscription personal finance tracker designed to kill Mint

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<pre><pre>Copilot is a subscription personal finance tracker designed to kill Mint

When Intuit took over Mint over a decade ago, Mobile was in a different location – as were technological financial services. In the meantime, no great progress has been made in the category of personal finance tracker apps. Mint has stumbled across integration problems and annoying misclassifications of data. For many, the best alternative was to create a table.

Copilot is a new personal finance tracking app from a former Googler that could be popular due to its sophisticated design and ease of use. With the subscribed iOS app, you can load your financial data, create custom categories for transactions and set budgets. It was only available by invitation in the past few months and is now being launched publicly.

Founder Andrés Ugarte informed TechCrunch that after eight years with Google – most recently in the experimental product area Area 120 – he had started his efforts because the area of ​​personal finance has only developed slowly since the takeover of Mint.

"I've been trying to use personal finance apps for the past eight years and I've finally given up on them," says Ugarte. “I was ready to get them up and running, create my own categories, and correct the data so that everything was categorized correctly. But I was always disappointed because the apps never felt smart because they would make the same mistakes again. "

I browsed Copilot for a few hours In the past few days, I liked what I saw. The design is more user-friendly than other options. The main advantages, however, are that you can easily re-categorize a transaction that doesn't automatically fall into the desired area, mark internal transfers between accounts, and exclude one-time purchases from your account. Tracked Budget. Other apps have also allowed these functions. However, with Copilot, you can specify whether each transaction with a particular provider should be routed to a specific category or your budget should be completely avoided so that the program actually benefits from your activity.

In some ways, Copilot's killer feature is how great plaid is. The app relies heavily on the financial services API startup acquired by Visa, and I can see why the startup was so successful. The intuitive operation of the integration and the smooth entry process from Copilot give users early advice on the well thought-out design of the app.

Copilot has its limits, mainly because the team currently consists of only two people. Therefore, those using desktop or Android support may have to wait a bit. Some may be disabled by the app's monthly subscription price of $ 2.99. However, there are not just a few reasons to avoid free apps that have access to all of your financial information. Copilot claims that users' financial information is never sold to third parties or shared with third parties.

Ugarte largely self-financed by selling its Google shares, but the team has just completed a $ 250,000 fishing round and is looking for more funding.