Skwad is a privacy-first budgeting application designed to help users manage their finances without the need to link their bank accounts directly. By utilizing your bank's email alerts, Skwad automatically syncs and categorizes transactions, providing a secure and efficient way to track income and expenses. This approach ensures that your sensitive financial information remains private, as there's no requirement to share bank credentials. Skwad offers a comprehensive suite of tools to assist users in understanding and controlling their spending habits.
Key Features and Functionality:
- Email-Based Transaction Syncing: Automatically import transactions by forwarding bank email alerts to your unique Skwad scan email address, eliminating the need for direct bank connections.
- Advanced Budgeting Tools: Create and manage budgets with customizable categories, track income and expenses, and visualize cash flow through detailed reports and spending calendars.
- Receipt Scanning: Extract and categorize individual line items from receipts, providing a granular view of your spending.
- Bank Statement Conversion: Convert PDF bank statements into Excel or CSV files for easy analysis and record-keeping.
- Customizable Expense Categories: Tailor categories to fit your unique spending habits, with options to recategorize, split, or hide transactions as needed.
- Bill and Subscription Alerts: Set up reminders for upcoming bills and subscriptions to avoid late fees and manage recurring expenses effectively.
- Companion Accounts: Share accounts and budgets with partners or family members, facilitating collaborative financial management.
Primary Value and User Solutions:
Skwad addresses the common concerns of financial privacy and security by offering a budgeting solution that doesn't require sharing bank credentials. This method not only enhances security but also ensures reliable transaction syncing without the common issues associated with third-party data aggregators. By providing tools for detailed expense tracking, customizable budgeting, and collaborative financial management, Skwad empowers users to take control of their finances in a secure and user-friendly environment.
