Mochi, Money on Autopilot-AI Financial Advisor

Example

Mochi helps users create and stick to a budget by tracking expenses and categorizing them into predefined categories such as groceries, utilities, and entertainment. For example, a user receives alerts when they're close to exceeding their set budget for dining out, encouraging mindful spending.

Scenario

A user planning to save for a vacation uses Mochi to set aside a monthly savings goal while ensuring essential expenses are covered.

Example

Mochi monitors users' investment portfolios, providing insights on performance and recommending rebalancing actions based on market conditions and individual risk tolerance. For instance, it might suggest diversifying assets to a user whose portfolio is heavily invested in tech stocks.

Scenario

An individual investor receives guidance on adjusting their asset allocation to better align with long-term retirement goals.

Example

By automatically categorizing expenses from linked financial accounts, Mochi offers a clear view of spending patterns, helping users identify areas where they can cut back. For example, a user discovers they're spending an unusually high amount on subscription services and decides to cancel unused memberships.

Scenario

A family aiming to reduce monthly expenses uses Mochi to highlight unnecessary spending and prioritize essential costs.

Example

Mochi uses historical financial data and trends to project future account balances, enabling users to make informed decisions about their finances. For instance, it can forecast the impact of making extra mortgage payments on long-term interest savings.

Scenario

A homeowner evaluates the feasibility of refinancing their mortgage based on Mochi's interest rate and payment impact simulations.