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Savology
Overview
Savology is a financial software company based in the United States, founded in 2019. The company specializes in providing insights into household financial health through its platform, which allows users to assess various aspects of their financial lives. Savology's primary offering includes a report card system that grades households on key financial areas such as retirement readiness, emergency savings, insurance, debt management, and estate planning. The company has engaged with over 100,000 households to gather data, with a recent report analyzing the financial statuses of 58,406 households. This research highlights common trends and challenges faced by households, particularly in areas like estate planning, where many households lack necessary documentation regardless of income levels. The insights derived from this data aim to provide a clearer understanding of how ordinary households manage their finances, moving beyond subjective feelings to present a data-driven overview of financial preparedness. Savology employs a small team, with an employee size ranging from 1 to 10, and reported revenue of approximately $3.015 million.