Skip to main content

Smart savings app Clinc is a new fintech startup from ex-CEO and founder of Numbrs

Image
By

Last April, Julien Arnold quietly left his role as CEO of Numbrs, the mobile-first banking app he co-founded with Swiss company builder Centralway. Now, almost a year on, he’s on the verge of launching his next project: Clinc, a mobile app to make it easier to save money for a future purchase or financial rainy day.
Using what Arnold describes as a “dynamic intelligence algorithm,” Clinc promises to track your current account spending and analyse the results to find the optimum amount to save each month, which is then automatically deposited into your Clinc savings account underpinned by the startup’s partner bank.
The secret sauce, which he won’t go much into detail on, is that the app is dynamic, able to make on-the-fly adjustments to how much you transfer to your savings account based on how your spending has changed or are predicted to change.
In other words, Clinc’s central proposition is to help you achieve your financial goals faster. “This is the biggest challenge you can tackle in financial technology,” says Arnold.
So, for example, you could tell the app you want to save up to purchase a new iPhone. Clinc will then analyse your current account and determine how much money you can afford to set aside each month. Should your expenses rise due to, say, an increase in your rent or car payments, the app will adjust your savings rate automatically.
“Once Clinc has calculated the perfect amount for the user to set aside, it is automatically transferred to a Clinc account, fully owned by the user, of course,” explains Arnold. “This account lies with our partner bank and can be opened up within only two minutes”.
With that said, Clinc is still operating in stealth mode, with a limited closed beta. The newly outed startup is planning a full launch in Germany in the middle of this year, and international availability, including the U.K. and U.S., sometime in 2017.
On why he chose to leave Numbrs, Arnold had this to say: “I saw a great opportunity with Clinc and wanted to focus on building this new venture. Clinc’s added value for the user is immense. We are changing the economical behaviour of the user by helping him reach financial goals faster.”
He also says that Numbrs continues to operate under the management of Centralway.

Comments

  1. santoshiSeptember 10, 2019 at 12:48 PM

    Dr. Jyoti is considered amongst the Best Skin Doctor in Patna. Dr. Jyoti is well renowned Certified Aesthetic Physician , Dermatologist and laser specialist. Dr. Jyoti has an extensive experience in the field of Medical Cosmetology. Aesthetic physician Dr. Jyoti completed his training at the IITRAW(International Institute of Training and Research in Cosmetic Dermatology).

    Best Dermatologist in Patna
    Best Skin Doctor in Patna
    Best Skin Clinic in Patna
    Best Skin Specialist in Patna
    Top Skin Doctor in Patna

    ReplyDelete
  2. Best IVF Centre in DelhiSeptember 26, 2019 at 2:50 PM

    Dr. Roshi Satija IVF centre in Delhi have the most Trusted & Successful IVF Specialist in Delhi. Get assured chance to become parents. Consult for Best IVF Treatment in Delhi at Most Affordable Price.
    Best IVF Centre in Delhi

    IVF Specialist in Delhi

    ReplyDelete
  3. DKIM ServicesSeptember 26, 2019 at 2:58 PM

    DKIM services - Protect your domain from email spammers. DKIM ((Domain Keys Identified Mail) is a defined process used for the email message authenticity.
    DKIM Services

    DKIM Email Authentication

    Email Authentication Service

    ReplyDelete

Post a Comment

Popular posts from this blog

Three Reasons Why You Need Better Personal Cyber security

By
From the infamous Sony hack to the recent WannaCry virtual catastrophe that affected over 300,000 computers, the need for reliable personal cyber security has never been more apparent. Rubica's skilled team of experts want to remind every one of the importance of cyber security and the three reasons why it is becoming a more pressing issue every day. With top-notch personal cyber security, most attacks are preventable. 1. Larger Number Of Attacks Americans have heard of the most notable attacks on major corporations or government entities over the past several years. However, most people who are not in the information security field do not learn just how much the attack frequency is growing. The number of cyber attacks carried out worldwide in 2015 was quadruple a number of attacks recorded in 2013. Although the cost associated with the number of annual recorded attacks is in the $500 billion range right now, experts say that it will grow well into the trillions by ...
Post a Comment
Read more

Google Announces Android Wear Update With WiFi Support, Always-On Apps, And More

By
It has been a while since Android Wear got any substantial updates, but today Google is announcing a big one. A new version of Wear will be rolling out over the coming weeks that includes a number of previously rumored features (like WiFi support) and some all new stuff (like always-on apps). Most Wear devices use the always-on ambient mode for the watch face by default, the Moto 360 being a notable exception. The new Android Wear version allows apps to operate in ambient mode too, so they remain active when the watch goes to sleep. That makes it easier to take a quick glance at the app instead of waking the device up and opening the app all over again. The watch will still only go into full-color mode when necessary. WiFi support is also coming in the update, which means your watch can be useful even if your phone isn't connected. Watches with WiFi support will be able to connect to WiFi and still get messages and notifications from your phone, provided it has an interne...
Post a Comment
Read more

Google Capital invests in Girnar Software, owner of Indian auto portal CarDekho.com

By
Girnar Software , which runs several auto portals in India including  CarDekho.com , has raised an undisclosed amount of new funding from Google Capital, with participation from returning investor Hillhouse Capital. This is the fourth Indian startup Google Capital has invested in (its portfolio also includes  Freshdesk ,  Commonfloor , and  Practo ). Before this round, Girnar Software had already raised at least $80 million. In addition to CarDekho.com, Girnar Software runs car classifieds sites  Gaadi.com  and  Zigwheels.com , former competitors which it  acquired in 2014  and  2015 , respectively, and motorbike marketplace  BikeDekho.com . Girnar Software expanded its auto portal business internationally last March with the launch of  CarBay.com , which operates in 25 countries in Asia, Africa, the Middle East, Europe, North America, and South America. The company plans to continue growing overseas with its la...
Post a Comment
Read more

Google brings the Iditarod to Street View

By
Alaska is home to one of the toughest endurance events in the world: the  Iditarod  — a 1000+ mile dog sled race across the vast wilderness that is the U.S.’s northernmost state. Most of us will never get to see this race in person (or participate in it), but you can now experience a part of the race  with the help of Google Street View . Last year, Google put its Street View Trekker on a sled driven by 1984 Iditarod winner Dean Osmar. Things didn’t always go according to plan, though. Google says the sled crashed three times, but sources with knowledge of the situation tell me that the hand you can see in the image below is still attached to a body. The weather also wasn’t ideal, so the race organizers had to move the first leg from its traditional starting point in Anchorage to Fairbanks, though the 2015 race still included a slushy 11-mile track  around Anchorage . After tackling some rather obvious projects, Google’s Street View team has recently stepp...
Post a Comment
Read more

So, when will your device actually get Android Oreo?

By
Google officially just took the wraps off of Android Oreo, but there are still some questions left to be answered — most notably, precisely when each device will be getting the latest version of the mobile operating system. Due to Android’s openness and a variety of different factors on the manufacturing side, it’s not an easy question to answer, but we’ll break it down best we can. First the good news: If your device was enrolled in the Android Beta Program, you’ll be getting your hands on the final version of the software “soon,” according to Google. Exactly what that means remains to be seen, but rest assured that you’ll be one of of the first people outside of Google to take advantage of picture-in-picture, notification dots and the like. No big surprise, Google handsets will be the first non-beta phones to get the update. The Pixel, Nexus 5X and 6P are at the top of the list, alongside Pixel C tablet and ASUS’s Nexus Player set-top box, which will be receiving the upgrade i...
Post a Comment
Read more