EvoShare, a micro-savings-focused FinTech startup based in Berkeley, CA, and SavvyFi, a technology-powered 529 benefits platform headquartered in Franklin, Tennessee, announce their partnership to save for college and pay off student loans an automatic daily habit.
BERKELEY, California (PRWEB)
April 6, 2021
EvoShare, a micro-savings-focused FinTech startup based in Berkeley, CA, and SavvyFi, a technology-powered 529 benefits platform headquartered in Franklin, Tennessee, announce their partnership to save for college and pay off student loans an automatic daily habit. This partnership with SavvyFi aims to provide advanced technology for everyone to cover their education costs without changing their spending habits.
EvoShare’s proprietary system converts a percentage of every dollar spent at more than 10,000 local and online partners and 700,000 hotels worldwide into additional financial account contributions, including 529 education savings plans. SavvyFi has simplified the sign-up process for 529 plans and student loan repayment plans so that each family can quickly start saving for the future, while enjoying unique features like gifting and cashback.
“SavvyFi has already made it easy for all the family to join in adding 529 or paying off student loans. Our contribution is to give the whole family extra money from the daily groceries in the form of cashback. Now all the things parents or grandparents buy for the kids can also help fund their education ”- Eugeny Prudchyenko, CEO of EvoShare.
“By adding EvoShare’s cash back rewards program to the SavvyFi platform, families will have another chance to increase their savings without having to pay out of pocket. This also allows employers to provide a much needed and valuable benefit without the additional cost of matching contributions. – Jeffrey Hull, CEO of SavvyFi.
Given the current financial climate, parents are concerned that they can save for their children’s education, and recent graduates will continue to struggle to pay off their student loans. SavvyFi solved the problem by figuring out what kind of account to open, which investments to choose, and how to get started. With the addition of EvoShare, they’ve solved the final challenge – how to find money to contribute to a 529 account. This partnership will usher in a whole new way to automatically save for college or pay off student debts when family members shop, dine, or travel – without any impact on the family budget.
EvoShare is the premier cash back savings program that provides employees with a new, automated way to save for their financial futures. EvoShare offers employers an ‘install it and forget it’ experience where employees can spend as usual at over 10,000 participating companies and get up to 20% cash back for a financial account such as a 401 (k) or 403 (b) plan, IRA , HSA, student loan, 529 plan, or emergency savings account.
EvoShare has been featured in Forbes, Inc., Entrepreneur and The Huffington Post. It won the 2019 DC Genie Award from 401 (k) TV for “Best Financial Technology” and was a finalist for KNect365’s Finovate Award 2019 for “Top Emerging Tech Company.”
SavvyFi’s technology application enables families, benefits administrators and benefits advisers to save for college with ease and quickly pay off student debts. Employees access and manage their 529 accounts digitally from any device. Their contributions, gifts from friends and family, and cash back rewards are automatically invested in low-cost, age-based index funds, making SavvyFi a seamless advantage for businesses of all sizes.
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