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Rollie – Spending Tracker(rollie.co)

over 4 years ago from Jonah Grindler, Digital Designer

  • Mauricio Paim, over 4 years ago

    Gotta love that Landing Page.

    Anyways guys, I see a lot of fintechs and investing apps coming out in North America but can't find similar apps or solutions in EU.

    I am assuming that the issue is either: People are not willing to use investing and banking connected apps or There is a gap in the EU apps market to be filled.

    I mean, there is no Easy Invest/Begginers apps that I know. And there are a lack of solutions that connect to your bank(s) to give you a more dashboard overview of your spending/finances.

    Maybe I am just thinking too much about this and being too superficial, however, this is the impression I have when I look at producthunt or designernews new apps.

    Just sharing this thought :)

    1 point
    • Bart S, over 4 years ago

      As far as I know there's barely any banks in Europe that have public API's that give this data or are willing to work together with external companies. I think there's some in Germany and I believe in France aswel, but in general a lot of banks over here are really hesitant.

      2 points
      • Mauricio Paim, over 4 years ago

        Didn't know that, good to know. I do use Transferwise(UK) and N26(DE) that does feel a lot more flexible and modern.

        However looking at producthunt today, I found this: https://bankin.com/en/home.html

        Which is already interesting. :)

        0 points
      • Jesse C.Jesse C., over 4 years ago

        I'm not sure about the rest of Europe, but the UK is doing pretty well in that area—there's a whole new open banking initiative that the big banks (like Lloyds) are in on.

        0 points
        • Mauricio Paim, over 4 years ago

          Can you tell me which one you use and why? Just for curiosity reasons. Myself use Transferwise for transfering money from Brazil to Belgium and across europe. I have N26, but don't use anymore as often

          1 point
          • Jesse C.Jesse C., over 4 years ago

            I have accounts/cards with TransferWise, N26, Monzo, Starling, and Revolut. I just like betas.

            1 point
            • Mauricio Paim, over 4 years ago

              hahahah sounds like you have a big wallet too. Cool man, same here, gotta love betas :)

              Now, last question: from the ones you mentioned, which one you like more and why? My personal choice is Transferwise, as it is all-in-one and works good for what I need(transfer money between 3 different continents, between my own accounts.)

              0 points
      • Mike A.Mike A., over 4 years ago

        What? EU is far more than US in this. There's even a EU-wide directive for this: https://en.wikipedia.org/wiki/Payment_Services_Directive - tl;dr: European banks are required to open their APIs and provide their clients access to their data so you'll be able to use any open-baking app out there...

        0 points
        • Bart S, over 4 years ago

          PSD2 is far from what everyone seems to think it is. As of yet. Maybe it will make sure spending trackers and open banking apps will be more useful in the future though. I can't name a single app that allows me to connect to my bank similar to Rollie (in The Netherlands) and I work in fintech. The only bank that differs from this is Bunq but afaik even they don't have a API that's able to fetch all your spendings from your account. Some banks have their own stuff such as 'Grip' which is backed by ABN Amro but that's not a standalone app.

          0 points
    • David LuhmanDavid Luhman, over 4 years ago

      Revolv App is huge in europe...

      0 points
    • William BengtssonWilliam Bengtsson, over 4 years ago

      We do that at my company. We let people connect to over 3,000 banks (like Plaid). We have a free option where you can use the redirect like Plaid to let users connect to any bank they might have and gather info such as transactions, savings, loans, mortgages etc. https://tink.com/ with a demo here: https://demo.tink.com/

      Tink got big through our app that we made which is like Rollie, where the user can see their transactions and see down to details where the money is spent (groceries/rent/tobacco/healtcare/gym/etc.). https://itunes.apple.com/se/app/tink-follow-your-money/id649395387?l=en&mt=8 (not available in the U.S like Rollie, hence I hope it's OK I link it here)

      Could build something like Rollie with our open API if you have time :) We offer the PFM (Personal Finance Management) features like Budgets, Recurring Transactions, Saving goals, etc through our API as well if you'd want to build something like that fast :)

      1 point
    • Jesse C.Jesse C., over 4 years ago

      .. but can't find similar apps or solutions in EU

      There are tons coming out of London. There are new banks that have some of this built-in like Monzo and Starling. Then there's third-party ones that connect to your bank like Yolt which use the new open banking initiative. Then there's marketplaces to find solutions like this such as Bud.

      0 points
      • Mauricio Paim, over 4 years ago

        Yes you are right somehow. However I don't see a lot of difference on what value is being offered between Monzo, Revolut, Transferwise, Starling. They look very similar Thanks for pointing out Starling which is new to me :)

        1 point
    • Jonah GrindlerJonah Grindler, over 4 years ago

      Rollie is coming to the UK and EU soon.

      UK first with initial support coming for: Barclay’s, Lloyds, HSBC, NatWest, Royal Bank of Scotland, Nationwide Building Society, Santander, Allied Irish Banks, Bank of Ireland, Danske Bank, and Revolut with more on the way.

      Get notified when Rollie is available in a new region

      0 points