Savology Expands Offering to Provide Financial Planning Benefits Through Employers

OREM, Utah, Sept. 29, 2020 /PRNewswire/ — Savology, a Utah-based fintech startup providing accessible financial planning for American households, announces the launch of its new financial wellness program for employers to provide access to holistic financial planning for their employees.

Savology for Employers helps employers to empower their employees by providing access to personal financial planning.
Savology for Employers helps employers to empower their employees by providing access to personal financial planning.

Employers everywhere are increasingly recognizing the impact and relationship between personal finances, work performance, and overall employee satisfaction both at work and at home.  While other financial wellness programs exist, most do not adequately address the financial challenges that employees face or make a meaningful long-term difference in their behavior and financial outcomes. Savology aims to remedy this by improving financial wellness through personalized financial planning combined with financial tools and financial education.

“Now more than ever employees want, need, and deserve support with their personal finances,” says Jordan Pinedo, Savology’s Head of Partnerships. “Offering Savology for Employers is part of our commitment to households across the country to gain access to financial planning and improve their financial well-being.”

Employees will have access to a holistic financial plan and report card, personalized recommendations, live financial professionals, custom activities, financial comparisons and benchmarks, literacy resources and tools, and more.
Employees will have access to a holistic financial plan and report card, personalized recommendations, live financial professionals, custom activities, financial comparisons and benchmarks, literacy resources and tools, and more.

After several months of development and working closely with a select group of Utah-based employers through an early beta access program, the company is now expanding the employer benefit offering to companies across the United States.

“Savology is able to provide our employees with the tools and resources they need to make significant [financial] improvements.” says Alex Bean, co-founder and CBO of Divvy. “We strongly feel that our company values and missions align. Here at Divvy, we have simplified the frustrating process for a business to manage expenses and stay within budget. Savology is essentially doing that with personal finances.”

By joining Savology’s benefit program, employers are able to provide their employees access to:

  • Precise retirement calculations, including projections and suggestions
  • Status and analysis of key financial performance indicators
  • Actionable and prescribed next steps to make holistic improvements
  • Suggestions for and discounts to many of the most reputable service providers
  • Personalized financial literacy resources and tools
  • Custom employer activities that integrate other benefits into the planning process
  • Live financial planning professionals by chat and phone

By equipping employers with an actionable, personalized, and technology-based planning approach, Savology is able to help employers make a significant impact on the financial wellness of thousands of employees.

For more information about Savology for Employers visit savology.com/employers.

For media inquiries, please contact Bri Ray, Communications Specialist, at 801-472-2124 or bri.ray@revroad.com.  

About Savology:

Savology is a venture-backed startup that is on a mission to improve the financial well-being of millions of American households by making financial planning more accessible, actionable, and effective than ever before. In addition to their free consumer-facing financial planning platform, Savology enables employers to affordably provide employees with effective financial planning. Savology, based in the Silicon Slopes of Utah, was founded by serial entrepreneur Spencer Barclay in early 2019.

SOURCE: Savology

Related Links

Forbes Says Hello to Hallo After a Successful Raise of $1.4 Million

Forbes says hello to Hallo after a successful raise of .4 Million

Forbes recently released an article congratulating Hallo on a successful raise of $1.4 Million. 

Article author, Fredrick Daso, wrote, “Language has proven to be both an obstacle and a conduit towards integrating oneself among a foreign nation. Dent and Beh saw the chasm between these linguistic worlds and built a bridge called Hallo to connect them. Hallo bills itself as the ‘future of language learning,’ allowing native English speakers to teach users through the startups smartphone app. Founded in April 2017, the Provo, Utah-based company has recently raised a $1.4 million seed from Kickstart as the lead investor with participation from RevRoad and Tamarak.”

Recognizing the $60 billion global language learning market that is up for grabs, Forbes highlighted the innovative ways Hallo teaches English to language learners across the globe. 

Read the full article here.

#GetHired Summit offers 1,000+ job opportunities for virtual attendees

PROVO, Utah — In direct relation to the COVID-19 pandemic, unemployment rates have risen dramatically. Current unemployment rates vary from 5.1% to 17.4% across the nation. As unemployment numbers increase, the United States economy has suffered.  One of the nation’s largest job searches in history is currently underway. 

On August 13-14 the #GetHired Summit will be holding its 2nd virtual summit. Attendance at the first Summit exceeded 5,000. Registration is free and can be completed here. There will be thousands of job opportunities from the Summit sponsor companies, including over 600 positions at  Vivint Smart Home alone. 

CEO of Mentorli, Luke Mocke, the creator of the #GetHiredSummit has said, “This is the worst US unemployment crisis in a hundred years and we’ve vowed to be a part of the solution. We’re uniting the right employers, voices, and opportunities under one roof to make sure folks can get back to work as soon as possible.” 

Diversity is a major focus for the summit. Partners like the Utah Black Chamber, Utah Women in Sales, Diversity Career Fair, and RevRoad are working together to ensure the summit is inclusive and creates an equal playing field for underrepresented talent. #GetHired Summit leadership believe that the combination of layoffs and rising remote work present an unprecedented opportunity for employers to rebuild their organization in a representative way. 

The #GetHired Summit will be held virtually. For more information visit the #GetHired Summit website https://www.gethiredsummit.com.  

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For media inquiries, interviews, or additional information, please contact Marketing Coordinator Tanner Lenon at tanner.lenon@mentorli.com.

About Mentorli

Mentorli helps diverse talent land jobs through mentors. Having a mentor and referral can make you up to 15x more likely to land a job. We’re leaning in to that power to give every qualified person access to opportunities historically reserved for the few.

RevRoad Rolls Up Its Sleeves to Help Portfolio Companies During COVID-19

Written By: A.J. Rounds

Following health and safety guidelines, RevRoad has moved all its events and meetings online. Even so, our dedication to showing up for entrepreneurs remains strong. We remain focused on helping portfolio companies find unique ways to thrive during the pandemic. As we ebb and flow, our goal is to help our portfolio companies grow based on the needs of their target markets.  

Branding exercises, web development, social media, and PR, are just some of the marketing services RevRoad offers portfolio companies to meet the current demands and market complications with COVID-19. In a recent website and email campaign initiative, we launched a bundled discount program involving portfolio companies Hallo, Skillstruck, Education Lifeskills, and Literal. This At Home Learning program offers digital learning products to K-12 students for free until the end of the 2019/2020 school year.  

Another way RevRoad has adjusted to address current challenges is the increased allocation of more resources into digital ad spend and social media. Recently, a portfolio company in the ag tech industry did just that. Still sales-focused, they realized they needed to expand their reach to the online space. Their hope is to attract farmers that need tech solutions to compensate for fewer available workers as a result of the pandemic. 

As of mid April 2020 more than 22M Americans have lost their jobs resulting in a mass job search during the COVID-19 pandemic. In response, recent portfolio company, Mentorli, is hosting a virtual career fair. The Mentorli team is excited to announce the #GetHired Summit, aimed at combating unemployment in the U.S. The team has been working around the clock to pull together keynotes, companies, and resources to help find jobs. The summit will be hosted virtually on April 29–30. Visit gethiredsummit.com to reserve your seat or get more information. 

There are so many exciting things happening at RevRoad. What kind of out-of-the-box thinking can we help you with during COVID-19? Apply today and find out. 

Savology Secures $750,000 Seed Round to Democratize Financial Planning

Savology, a Utah-based fintech startup providing free financial planning, oversubscribed a $750,000 seed round of funding to make financial planning more accessible and affordable than ever before.

Several strategic investors participated in the funding round, including:

“Savology has the potential to fundamentally change the direction of personal finances in America,” says lead investor Brady Murray. “I look forward to seeing the positive impact that Savology will have on both households and the broader industry as they improve access to financial planning and other financial services.”

After creating a free financial plan, Savology users get access to a financial report card showing them
their financial strengths and areas that need improving most.

Savology boasts a considerable lineup of financial service provider partners that include the likes of MassMutualAcornsLivelyM1 FinanceSelfBlooomThe ZebraCredible and many others. Savology is on track to expand the network of partners to 50 providers this year.

“We are grateful to the early investors and partners who believe in our mission and make it possible for us to elevate Savology to new levels,” says Spencer Barclay, Founder and CEO of Savology. “We know that we have an incredible amount of work ahead of us, but we are up for the challenge to help millions of households achieve financial security.”

Savology’s Founder & CEO, Spencer Barclay, shares how Savology is helping American households improve their
financial well-being to a crowd of thousands.

To date, Savology has helped nearly 10,000 households improve their personal finances with its free financial planning platform. With the current economic uncertainty and recent stock market declines, there has never been a better time to help Americans with their personal finances. Savology plans to use this funding to help 100,000 users build free financial plans this year.

For more information about Savology visit savology.com.

For media inquiries, please contact Bri Ray, Communications Specialist, at (801) 472-2124 or press@savology.com


Your financial future starts today

Savology is a free planning platform where you can build a free, unbiased, personalized financial plan in about 5 minutes. Your Savology plan will give you action items to start working on as well as an overview of your current financial situation. After you have made some progress, Savology can connect you with some of the world’s top providers to help you accomplish your financial goals.

Build your free plan today

At-Home Learning

Companies come together to provide free school & district licenses during COVID-19 

Today, RevRoad and its portfolio companies launched the official At-Home Learning initiative. Through this initiative, they will provide students around the country with digital learning tools by offering their products to schools and districts for free during this time—no strings attached. 

There’s no question that these are difficult times. Hundreds of millions of students around the world are transitioning to at-home learning for the rest of the school year. “Educators around the world are now facing the most daunting challenge in 100 years. These programs and tools are ready to scale, and can provide valuable support for students, their families, and educators,” says RevRoad CEO, Derrin Hill. 

Educators are quickly shifting teaching and learning to digital platforms to meet the needs of each student with equitable access, standards, and engagement. RevRoad’s portfolio has a unique compilation of edtech companies with the ability to assist in smoothing over the rapid transitions currently happening within education. Said companies include the following: 

Literal

Keep students fully engaged in reading, even while at home. Literal makes books just as engaging as social media, and is temporarily offering every student and educator free & unlimited access to all of their classic books through July 2020. Easily track student progress remotely and turn reluctant readers into avid book worms.
Literal is offering schools and districts free access to the Classic subscription.

SkillStruck

Skill Struck focuses on helping today’s students prepare for tomorrow’s workforce by developing their technical skills and helping them master the concepts of Computer Science. The platform is focused on project-based learning where students learn, apply and reiterate their newfound knowledge through additional practices to cement their skills.
Skill Struck is offering schools and districts one month of free access to their flagship Voyage service.

Education Lifeskills

If we never change negative thinking, we will never change negative behavior. Education Lifeskills creates cognitive-behavioral curriculum which helps students overcome their self-defeating thoughts and behaviors and achieve higher levels academically and socially.
Education Lifeskills is offering students free access to a positive thinking course pack.

Hallo

Practice English on the Hallo app! Has the Coronavirus pandemic interfered with your preparation for the TOEFL, TOEIC or IELTS exam? Has your English class been canceled and now you are left with no one to practice with?

Fear no more! You can practice English on the Hallo app! Hallo is a live streaming community for English learners and teachers. Students can learn from native speakers through live videos 24/7 and practice speaking in seconds with people all around the world. It’s the world’s largest classroom for English learners right in the palm of your hand. And, it’s free. Let’s celebrate fluency together. It’s more fun that way.
Hallo is a free app available for iOS and Android.

To get started with At-Home Learning  for free, visit revroad.com/athomelearning.

For more information about At-Home Learning and the companies involved, click here.