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ZavFit
Health app for money stress
- 1-20 employees
- B2C
- Personal finance
- Mental health
- SaaS
- Wellbeing
- Edinburgh New Town, Edinburgh, UK
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Company mission
At ZavFit's mission is to make the world a healthier, happier place by helping people reduce the stress, anxiety and guilt they feel about money.
Our take
Money and spending can cause a lot of stress, anxiety and regret. ZavFit aims to tackle the mental health burden of money worries with its pioneering wellbeing app.
ZavFit takes a unique, wellbeing-led approach to personal finance through its MoneyFitness model. The app monitors users' wellbeing, identifying their unique stressors, and then suggest ways that they can use their money. Users can keep track of their progress, and identify spending and saving habits that improve their peace of mind and reduce money-related stress.
Mobile personal finance services are big business, with apps like Emma, Monese and Monefy all vying for market share. However, ZavFit has managed to set itself apart by marketing itself as a HealthTech company. Its team includes a number of behavioural scientists, psychologists and neuroscientists, which has lent considerable scientific weight to the app. This has enabled the company to attract health and wellbeing oriented individuals.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Days off for volunteering
- Monthly wellbeing budget
Funding (last 2 of 3 rounds)
Oct 2021
$0.4m
SEED
Feb 2021
$0.4m
SEED
Total funding: $1m
Leadership
Anna Freeman
(CEO)Previously worked as Managing Director of Strategic Relations at Calastone, before joining Allfunds Bank as Head of Proposition & Implementation.