Press

Startup of the Week: Rize makes you save, even when you don’t want to

June 21st, 2017

Millennials are struggling with more than $1 trillion in student debt, widening income inequality and the aftermath of the Great Recession. And in an environment like that, it can be hard to save a little cash, let alone the down payment for a house or a big trip.

Rize wants to make it easy. Ridiculously easy.

Justin

The D.C.-based startup is just coming off a four-month training stint with Silicon Valley-based accelerator and venture fund 500 Startups and the $125,000 in funding that came with it. The company is putting the finishing touches on a platform that sets aside money from user accounts on a regular basis toward a variety of preset goals. The app uses some basic behavioral psychology, showing users how much they are saving relative to their peers in the same situation. Think of it like energy management company Opower's technique of letting homeowners see their energy usage compared to their neighbors, but for personal finance.

...read the rest of the article at bizjournals.com

Stay in touch

Done! We'll be seeing ya.

Keep reading

Recent posts on the Rize Blog

Where Wells Fargo went wrong

Published Sep 24, 2017 in Know This

Fraudulent account scandals, auto insurance and mortgage scandals, Wells Fargo has made one too many mistakes.

How are Rize and Digit different?

Published Sep 18, 2017 in Know This

Learn how Rize and Digit are different, everything from fees to control, we got it covered.

All posts