SaveUp was a free financial management site and
iOS
iOS (formerly iPhone OS) is a mobile operating system created and developed by Apple Inc. exclusively for its hardware. It is the operating system that powers many of the company's mobile devices, including the iPhone; the term also includes ...
app that used prizes to incentivize Americans to save money and pay down debt. The company was founded in 2011 by Priya Haji and Sammy Shreibati. Haji died of a
brain aneurysm
An intracranial aneurysm, also known as a brain aneurysm, is a cerebrovascular disorder in which weakness in the wall of a cerebral artery or vein causes a localized dilation or ballooning of the blood vessel.
Aneurysms in the posterior circul ...
soon after and Paul Burt purchased the app in 2015.
It has partnered with the thinktank
Filene Research Institute
The Filene Research Institute is an American credit union and consumer finance think tank headquartered in Madison, Wisconsin.
History and objective
Founded in 1989, it is committed to research and innovation to further the credit union movemen ...
. SaveUp raised $7 million in funding from BlueRun Ventures and True Ventures.
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. It was listed as one of 2011's Top 100 websites by ''
PCMag''.
SaveUp Inc. filed for bankruptcy in the
on November 29, 2017 and shut down.
References
External links
* {{Official website, https://www.saveup.me
Companies based in Lake Forest, Illinois
Internet properties established in 2011
Internet properties disestablished in 2017
Privately held companies based in Illinois
Defunct American websites