Saveup


SaveUp was a free financial management site and iOS app that used prizes to incentivize Americans to save money and pay down debt. The company was founded in 2011 by Priya Haji and Sammy Shreibati. Haji died of a brain aneurysm soon after, and Paul Burt purchased the app in 2015. It has partnered with the thinktank Filene Research Institute. SaveUp raised $7 million in funding from BlueRun Ventures and True Ventures.

Description

SaveUp monitors account balances in order to issue credits. Credits, similar to reward points, are awarded every time a user saves money or reduces debt, and can be used for the chance at cash and prizes. It was listed as one of 2011's Top 100 websites by PCMag.

Status

SaveUp Inc. filed for bankruptcy in the Northern District of Illinois on November 29th, 2017.