Figy Holiday Season Update

Greetings, Figy Family!

As we embrace the chilling cold of Winter, our team has been diligently working to enhance your experience with Figy.

We hope you are as excited as we are about this packed post full of updates. Everything we do is aimed at enabling you to reach your financial desires, and that commitment is at the heart of all steps we take.

We are just at the beginning of our company journey and will keep informing you about the developments that we go through. Let's buckle up for our updates! 🚘

We are very proud to announce that LIOF has made an investment in Figy. This financial contribution is a solid ratification of our objective to empower people to achieve their financial aspirations and will enable us to further expand our user base. It aligns with our commitment to making wealth building fun and insightful. This funding is a vital step in our journey to set a new quality standard for personal finance platforms. We have ambitious plans and are thankful that you as a Figy app user are one of the early ambassadors that supports us in our journey.

Our newly revamped expense tracking feature is a game changer in managing your money. The expense tracking functionality works for both automatically linked bank accounts and manual accounts inside the Figy app. With our new split transaction functionality, you can now allocate expenses across multiple categories, ensuring a more accurate reflection of your spending habits. Did you just buy groceries and health care products in one purchase? Now easily split your financial transaction into multiple parts.

Secondly, we introduced an extensive Level 1 and Level 2 transaction categorization system. The introduction of Level 1 and Level 2 transaction categories allows for more granular analysis and comparison, providing you with deeper insights into your income and expenses. Furthermore, the ability to define your own custom categories means you can tailor the app to suit your unique needs.

Finally, with our enhanced budget setting feature, you'll have an even more powerful tool to stay on track with your financial goals. With these new expense tracking features we aim to further increase the quality standard for personal finance platforms. More exciting features are coming your way soon. Don’t want to miss anything? Follow us on LinkedIn and Instagram for more updates.

Our redesigned website is not just a facelift; it's a complete overhaul that prepares us for our long term web plans. The enhancement more accurately reflects our organizational growth and the maturity of our iOS and Android app. With a fresh design, availability in Dutch and English, more detailed product display, FAQs, and a robust fundament for sharing valuable wealth-building resources and tools, our new public website offers an enhanced user experience.

Be sure to check it regularly for insightful articles, product updates, and helpful tools to use along your wealth building journey.

Connecting your savings account to Figy has never been easier or more secure. With real-time updates on your savings balance and automatic recognition of transfers to and from linked accounts, you now have a complete and up-to-date view of your savings at all times. This feature not only saves you time but also gives you a clearer picture of your overall financial health.

Our updated CashFlow Analytics feature now offers an interactive chart that allows you to click through various categories and see the specific transactions that comprise them. This enhancement provides a more intuitive way to understand your cash flow, enabling you to make informed decisions about your spending and saving habits.

Responding to popular demand, Figy now supports tracking investments in commodities like gold and silver. This feature allows you to diversify your portfolio within the app, offering a comprehensive view of your investments and their performance. Did you know that the price of Gold increased on average 8% yearly over the last 10 years. Simply add the number of grams of Gold you own and keep track of the value inside the Figy app.

Our new FIRE (Financial Independence, Retire Early) indicators are designed for those who are passionate about achieving financial freedom. With metrics like FIRE age, FIRE %, and savings rate, you can track your progress towards early retirement and adjust your strategy as needed to meet your goals.

We're thrilled to announce that Figy is now available in Belgium, Ireland, and Germany! This expansion allows us to serve a broader audience, although we currently support only the Dutch pension and tax system. More good news, even more European countries will be added soon. Spread the word and help your friends abroad join the Figy community.

In our previous newsletter we explained why we have introduced our early adopter paid plan inside the app. This was two-fold: 1) On the one hand this subscription plan allows us to thank you as one of our earlier adopters for life. A ‘thank you’ gift for your early trust. 2) The Early Adopter Program on the other hand helped us to validate willingness to pay.

The time has come where we will move away from our early adopter plan and start introducing our various paid premium tiers. We are very proud that you have found us and that we found partners that want to bring Figy to the next level. We found plenty of evidence and demand for a personal finance platform focused around wealth building to assist people to achieve their financial aspirations.

If you would still like to become an early adopter, really now is the time to do it. We are about to introduce new pricing tiers that exclude the early adopter program. We are sure you won’t regret it. Simply open the Figy app, navigate to the account page and click on “Become an Early Adopter”.

In the next newsletter among other things more on “Investments” and “Custom depreciation”. Your journey towards achieving your financial aspirations is our mission, and we're here to support you every step of the way.

Your insights and suggestions are the driving force behind our continuous improvement. Reach out to us anytime — we're eager to hear from you and would love to incorporate your ideas into future updates.

We're very grateful for your trust and support as early adopters. Together, we're building a community committed to financial empowerment and success. We can’t wait to tell you more about our next plans.

Warmest regards,

Florentijn Hogerwerf

Founder Figy