Sum

Savings that’s greater together.

Sum is an interest bearing deposit account that aggregates multiple individual accounts into a savings “team.” Each account is still separate so there is no risk for individuals, and each team member earns the group interest rate on their account. Together you can qualify for higher interest rates — and both shared and intra-group payments are a breeze.

Services

CONCEPT / STRATEGY / UX / UI

Americans have a hard time saving

Nearly 57% have less than $1000 in their savings accounts. Saving money for millennials is even more difficult with the rise in tuition, home prices and a stagnation of wages. But millennials also possess new attitudes around value and ownership and have fueled the sharing economy. Sum is a product that taps into these values and helps people pool their money to earn better rates, without any risk.

Attitudes are chaning around value and ownership

The sharing economy is booming, with platforms facilitating peer-to-peer access to goods and services experiencing significant growth. The current global market value was $387.1 billion in 2022 and projected to reach $827.1 billion by 2032 (CAGR of 7.7%) (Source: Allied Market Research)

Sum helps groups save and spend together

ACCELERATE SAVINGS WITH GROUP RATES

Your unused funds are automatically swept into a high-interest savings account. Form a savings team with family or friends to earn the highest rates.

MANAGE GROUP EXPENSES EASIER
Track and auto-pay group expenses, like rent, utilities, and groceries — or anything you need to share the cost of.