2022 saw us build, dare I say, one of the most ambitious fintech products in the world.
Technical challenges aside, and while I joke about understanding why there wasn’t a product like it before us, the Nine25 Premium subscription service is a product that I genuinely believe could improve the financial lives of working Australians.
And we've set ourselves the goal of enabling 1 million working Australians to better manage their money.
That’s why I’m incredibly excited to be unveiling our roadmap for 2023 as we launch the next phase of our product feature release roadmap: As Australia’s first money app for workers.
What’s a money app for workers?
Simply put: A money app is an app that allows you to spend, manage and invest your money. A money app for workers is one where your money works for you.
We identified one big challenge that every worker faces when it comes to managing money effectively. It doesn’t matter whether you work in retail, hospitality or sit on video calls all day, every worker faces the same one single pain when it comes to managing their money.
Not having time to do it and often not knowing how to do it effectively.
And it doesn’t matter whether or not you know where to start or whether you know what you have to do, managing money is a time-suck that literally nobody wants to do. Now try making time to do something that nobody wants to do.
And that’s what Nine25 does - The money app for workers aims to do this year. We want to manage your money effectively for you so you don’t have to. Whether it’s tracking and saving for bills or investing in shares and portfolios to build wealth, we’re setting the ambitious roadmap to help workers manage their money effectively.
What does a money app look like?
With the Nine25 App, you’ll now no longer need your bank account to do your banking work.
A money app starts with a digital wallet. Sign up in under 30 seconds and you will get a digital wallet that comes with a virtual account (complete with your own BSB/Account number) and your own ~streamtag®. You’ll use this to send money or split bills with your friends on Nine25 instantly.
After that, you can layer on different money management services on top of it.
Looking to receive the money you earn every hour? Upgrade to Premium. With Nine25 Premium, you’ll get the money you earn every hour. And you have the option to save for your bills in real-time. (Btw, do that and you’ve taken the first step towards financial independence).
Would you rather just build your wealth? Sign up for our portfolio investment subscription.
Breakup with your banking & budgeting apps
After speaking with hundreds of people across ages, jobs and income brackets, one thing became clear. Banking and budgeting apps don’t help you manage your money.
Banking and budgeting apps will tell you a bill is due, but won’t tell you whether you have enough for it. Banking and budgeting apps will tell you how much to keep aside for your bills but won’t actually save for your bills.
We believe there’s a better way to manage your money.
Managing money effectively for you
With the Nine25 App, you’ll be able to manage your money effectively in real-time without putting in the hours that you would have needed to otherwise. We know how hard you work to make money, with our App, we want that money to now start working for you.
Spend, manage & invest: One down, two to go
We spent last year building Bill Stream, a bill management system that saves money for your bills using the money that you earn every hour.
This year we’re launching our other two big features the Nine25 Card and Nine25 Invest that would complete our mission to help Australian workers better manage their money.
It would complete our evolution into Australia’s first money app for workers.