New fintech start-up in the US for homeowners – Saivy
Saivy is a new fintech start-up aiming to provide homeowners with the tools to plan and save money for future renovations and maintenance projects.
Based in Miami, Florida, Saivy was founded in 2021 by Daleik Vaughn, a real estate investor, property manager and broker with 15 years of experience.
Citing research, Saivy says that US homeowners are “overwhelmingly unprepared” to maintain the value of their investment, stating that 68% of homeowners are planning to take on debt to renovate their homes.
“Saivy is designed to help homeowners proactively save their home by avoiding debt and optimising their home equity value,” it says.
The start-up aims to use artificial intelligence (AI) and predictive analysis to offer financial planning and home management services to its customers. Saivy’s platform will provide customers access to a tailored savings model, allowing them to put away money in an FDIC-insured bank savings account.
The AI-led platform will also alert customers to the maintenance and repairs they should be prepared for based on the home and location.
The app will also feature a budgeting, tracking and expense management tool; access to a database of property details, past construction permits and neighbourhood information; and a list of “pre-screened” home professionals for renovation projects.
Saivy’s mobile app is in development and the start-up is currently accepting subscribers to its waitlist.