Problem solved

Individuals struggle to maintain an accurate, up-to-date picture of their finances because manually logging transactions and aggregating data from multiple accounts is tedious and error-prone. Foliom solves this by automatically ingesting financial transaction emails, parsing them to extract amounts, categories, and parties, and presenting a comprehensive, real-time dashboard of net worth, spending, income, subscriptions, and goal progress without any manual effort.

Use cases

• Automatically track net worth by connecting email inboxes where bank and investment statements are received.
• Monitor monthly spending across categories like food, transport, and shopping, and identify unusual spikes.
• Manage recurring subscriptions (e.g., ChatGPT Plus, Netflix) with due dates, amounts, and dormant services to cancel.
• Ask the AI assistant natural language questions like 'How much did I spend on food last month?' or 'Am I on track for my goals?'.
• Track progress toward financial goals such as a home down payment, with projected monthly savings needed.
• Receive alerts on upcoming SIPs, salary credits, and freelance payments, and analyze income trends.

Audience

• Business Users
• Content Creators
• Hobbyists

Pros

• Fully automatic email-based tracking removes manual effort.
• Comprehensive dashboard covers net worth, holdings, income, expenses, subscriptions, and goals.
• AI assistant enables conversational querying of financial data.
• Real-time updates based on incoming transaction emails.
• Free to use with a simple sign-up process.

Cons

• Relies on email access, so transactions may be missed if emails are not sent or are filtered.
• Primarily tailored for the Indian financial ecosystem (demo uses Indian rupees, Indian banks, UPI, Indian stocks).
• Data accuracy depends entirely on email parsing, which could misclassify or miss transactions.