BeanStalk is a pre-seed startup based in Boston and focused on the US market for now. It has been founded by a Harvard Business School (HBS) student, who has deferred his studies at HBS to work on his startup.
BeanStalk aims to become the dashboard for everything related to your personal finances. It automates all mundane aspects of personal finances and makes managing finance effortless for you.
BeanStalk monitors your bank accounts and credit cards so that you don’t have to. It assists in tax planning and makes it easy for you to use tax-advantaged accounts and do tax-loss harvesting. It also helps you make money by optimizing credit card selection and taking advantage of various bank offers.
The problem we are trying to solve is that people hate making an effort to manage their money. Even though most people spend 60% of their time working hard to earn a living, they don’t even spend 1% of their time to manage their finances. If you are very rich, you can hire a finance manager who manages your money for you. But hiring a personal finance manager doesn’t make sense for everyone. Using technology, BeanStalk wants to provide the benefits of having a personal finance manager to everyone.