Many individuals fail to achieve their personal financial and savings targets. Savingmate provides the transparency, culture, and processes you need to save more money.
Simple access to funds
39% of Americans could not cover a $400 emergency expense and pay it off by the next billing statement. Savingmate enables you to manage and plan your most important purchases.
You can improve your credit score simply by joining on Savingmate savings group. To improve your credit score, Hagbad shares your data from each group with credit bureaus.
A great saving app that allows you to save money with other peers you know.
According to research, saving in groups increases your chances of success by threefold. Joining Hagbad ensures that everyone benefits together.
How it works
Savingmate is based on a proven, centuries-old principle used across the world, where people would gather and save with other members of their community to successfully achieve their financial goals.
Simple grouping and payments
Savingmate groups are made up of 3 to 12 people, and each month a new member of the Savingmate savings group receives the funds until everyone in the group has a chance.
Savingmate will automatically transfer money through bank accounts, and everyone in the group will be notified.
Best way to get out of debt and save down payment for car or home.
WE HAVE CREATED A PATENT PENDING PLATFORM THAT BRINGS THIS PROVEN, AGE-OLD COMMUNITY SAVINGS MODEL INTO THE 21ST CENTURY BY TAKING THE ORIGINAL PRINCIPLES OF A ROSCA AND MARRYING CONCEPTS LIKE USER CREDIT ASSESSMENTS, AUTOMATED BANKING, DATA ENCRYPTION, AND MORE.
Working in a Savingmate with other people promotes discipline, which ensures savings success.
Our members’ safety is ensured by two-factor authentication and data encryption.
Savingmate contributions will be reported to the major credit bureaus.
Join the thousands of people who are saving together.
Once you’ve downloaded the app and finished the registration phase, you’ll be prompted to create a group or join existing group. If you choose to create new group, you will choose a name for the group, the number of participants, the size of each payment, and the frequency of payment. Once you’ve established the basic criteria, you’ll need to invite people to enter the group you. Savingmate will send a text message to all members you invite asking them to join your club. Until they can enter the party, they must first download the app and connect their bank account to the Savingmate platform.