Saveup
| Available in | English |
|---|---|
| Dissolved | November 29, 2017 |
| Headquarters | Lake Forest, Illinois |
| Area served | United States |
| Founder(s) | Priya Haji Sammy Shreibati |
| URL | www.saveup.com |
| Launched | November 2011 |
| Current status | Defunct |
SaveUp was a free financial management site and iOS app[1] that used prizes to incentivize Americans to save money and pay down debt.[2] The company was founded in 2011 by Priya Haji and Sammy Shreibati.[3] Haji died of a brain aneurysm soon after[4] and Paul Burt purchased the app in 2015.[5] It has partnered with the thinktank Filene Research Institute.[6] SaveUp raised $7 million in funding from BlueRun Ventures and True Ventures.[7]
SaveUp monitored account balances in order to issue credits. Credits, similar to reward points, were awarded every time a user saves money or reduces debt, and can be used for the chance at cash and prizes.[8][9][10] It was listed as one of 2011's Top 100 websites by PCMag.[11]
SaveUp Inc. filed for bankruptcy in the United States District Court for the Northern District of Illinois on November 29, 2017 and shut down.[12]
References
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