Product Overview of Kniru
Kniru is an innovative, AI-powered financial advisor designed to revolutionize personal finance management by providing users with precise, personalized, and actionable financial insights. Here’s a detailed look at what Kniru does and its key features:
What Kniru Does
Kniru is more than just a finance app; it is a tireless AI-driven financial advisor that manages your finances with minimal human involvement. Founded by Aayush Chhabra, a seasoned professional in Computer Science and Artificial Intelligence, Kniru aims to make financial wisdom accessible to everyone globally.
Key Features and Functionality
Comprehensive Financial Integration
Kniru seamlessly connects with all your financial institutions, including bank accounts, credit cards, investment accounts, and real estate holdings, to provide a holistic view of your finances.
AI-Powered Insights
Using cutting-edge AI, Kniru analyzes your financial data to identify trends and patterns, offering personalized and actionable insights on various financial aspects such as:
- Investment Advice: Tailored investment strategies aligned with your risk tolerance and financial goals.
- Retirement Planning: Customized advice to help you achieve your retirement objectives.
- Tax Advice: Identification of tax deductions and credits to optimize your tax strategies.
- Expense Management: Real-time budget alerts, anomaly detection, and comprehensive expense tracking.
Credit and Loan Management
Kniru actively works to improve your credit score by identifying opportunities to enhance your creditworthiness and optimizing loans.
Personalized Budgeting and Savings Plans
The platform offers personalized budgeting and savings plans tailored to your unique financial situation and goals, ensuring you stay on track financially.
Advanced Notifications and Alerts
Kniru includes state-of-the-art notifications for:
- Personalized Savings Suggestions
- Bill Reminders
- Budget Alerts
- Anomaly Detection
- Portfolio Alerts
Global Account Coverage
Kniru supports multiple accounts across different countries, making it a versatile tool for users with international financial interests.
Security
Kniru prioritizes security, hosting its infrastructure on Amazon Web Services (AWS) within a Virtual Private Cloud (VPC), using HTTPS protocol for all communications, and encrypting data both at rest and in transit. The platform also employs Google Cloud Platform’s Firebase Authentication and One Time Passwords (OTP) for secure user authentication.
Business Model
Kniru operates on a business-to-consumer (B2C) model, generating revenue through premium memberships that offer enhanced features and personalized financial guidance. The core features, including seamless account connections, spend analysis, and dashboards, are available for free.
User Benefits
- Personalized Financial Planning: Advice tailored to your goals and risk tolerance.
- Comprehensive Financial Management: Holistic view of your finances, including assets, liabilities, income, and expenses.
- 24/7 Customer Support: Personalized assistance available day or night.
- Fort Knox-Level Data Protection: Advanced security measures to ensure your data is safe.
By leveraging AI to provide hyper-personalized financial management, Kniru stands out as a powerful tool for individuals seeking to take control of their financial destinies. Whether you are an investor, retiree, or simply looking to manage your expenses more effectively, Kniru offers a comprehensive and user-friendly solution.