We all sleep well when we plan out our budget and manage our expenses and savings well but gone are the days when people used spreadsheets to keep a check of their monthly expenses to maximise savings. Now when the number of payment modes has extended beyond cash & swiping cards, expense tracking has become harder than before. With the rise in online spending we can certainly say that India is moving towards a cashless economy and an India based personal finance manager app Gullak ensures that Indians spend wisely.
Founded by Saurabh Singh in 2015, Gullak, a Noida based startup, is a financial wellness company that makes users manage money by tracking their income & expenses, informing them about due bills, pushing right rewards and offers at the right time. It is an SMS-based expense tracker app that works on intelligent analytics and mobile technology. It keeps a check on all your spending made from Indian banks, ATMs, Debit/Credit cards & bills without using any passwords.
Saurabh Singh said, “The idea of expense manager app emerged from the experiences of people who strive hard to keep a check on their expenses & monthly budgets. Overspending is one of the biggest concerns among young professionals and our app addresses this issue in a most hassle free manner. Gullak makes people aware of money and takes them toward smart Savings.”
The updates section in the app includes all transactions of the user and how the user has been handling his accounts. The app analyses spending habits, highlighting areas where users went over budget and where they can save money. The company also stores all your previous expense information to provide analytics by month. In all, one can get account totals, monthly budget, credit score, alerts broken down into specific categories.
With approximately 1 million app downloads so far and its Android app having an: average rating of 4.3 on Google PlayStore , Gullak is trying to make its space among the digital consumers and revolutionise the way people save money. Their one million satisfied customers are the testimony of their trail toward success.