Financial wellness and savings app Flamingo launches in Australia

A new financial wellness app called Flamingo Tech has launched in Australia, promising to turn “financial dreams into a reality”.

Flamingo touts itself as a personalised financial management (PFM) platform that helps users manage their finances and set savings goals.

Flamingo CEO Sana Tayyab says: “We are here to equilibrate financial wellbeing. It’s important that we recognise that the consumer expects more from their purchase than the simple purchase of products or services.”

Flamingo will allow users to set monthly savings goals, create emergency funds and track their income and outgoing expenses.

The app divides a user’s income into budget and goals and, through monitoring expenses, is able to recommend the user with basic financial planning.

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Source: Financial wellness and savings app Flamingo launches in Australia – FinTech Futures