Envel is pushing the Envelope on banking services
Envel is a Harvard-founded financial technology company that leverages AI and behavioral science to optimize people’s finances in real-time and automate their budgeting, savings, and investments. Funded by the MIT Sandbox Program, angel investors, and crowdfunding, we are on a mission to make banking and investing easier and more simple for tens of millions of people.
The bank account as we all know it has remained unchanged for decades, and is a little well, manual and unhelpful, so Envel has reinvented banking from the ground up to give you many of the features you’ve always wanted and finally make it work hard for you!
Save and budget on Autopilot
We've built a one-stop Autonomous banking app with Autopilot to organize your money automatically for you with little effort, no calculators, no spreadsheet, it just works.. powered by our patent-pending AI. All built upon an Envelope system so you can organize your money in up to 99 FDIC insured Envel bank accounts (FDIC insurance is through nbkc bank, Member FDIC) we call Envelopes, which you can create in seconds.
We believe that the consumer banking system is broken and no longer focuses on serving its customers' financial health. Traditional banks profit from charging lots of fees and getting you indebted and don’t offer you the freedom or advice to help organize and manage your money in a way that helps you.
We have engineered some incredible patent-pending features never seen before in banking to help you become financially fit and achieve your financial goals and dreams.
Our impressive board and team of data scientists, technologists, and bankers aim to revolutionize digital banking using artificial intelligence, behavioral science and a unique approach to community engagement, user experience, partnerships and design.
Fractional Investments on Autopilot
Over 55% of Americans want to invest but aren’t taking the first simple step to grow their wealth by saving properly and investing.
Launching soon, we’re utilizing our automation to buy stocks for you automatically from your favorite brands without the hassle!
We Have Protected Our Unique IP
From our inception we have been working closely with MIT and leading patent experts to ensure we protect our unique IP, the "Envel Magic" that makes our autonomous banking possible. Our patent-pending technology covers 153 countries under invention "System and Method for Autonomous, Intelligent, and Tunable Compartmentalization of Monetary Transactions" US20210073909A1. We will continue to disrupt and innovate traditional banking and payments to make banking better for you and we will continue to protect and patent our unique IP!
With this raise, we are working toward launching customer acquisition and marketing, rolling out 3 new products and services, enhancing our AI data science capabilities, onboarding new product partners, and expanding our tech, compliance, and operations teams.