Safe Application Allows Users to Manage Multiple Bank Accounts in One Dashboard

Safe is a startup fintech new in Indonesia. The platform developed is to help users accommodate bank accounts (one or more) in one centralized application. In particular, Safe is designed to assist personal and business users in managing daily transactions. The big vision is to create mobile banking a new one designed to give Indonesians more choice and control over their money transactions.

For individuals and small businesses, safe offer app mobile devices free to manage bank account in view real-time integrated. In addition to being able to track expenses and other reporting, this application can also be used to send and request bank transfer payments instantly to other people through the medium of a cellphone number. Currently, Safes already supports BCA, Mandiri, BNI and BRI accounts.

For larger companies and online stores, Safe for Business can help improve conversions, process and match orders instantly, and give customers the seamless experience they expect in the transaction process. Safe was founded by Todd Schweitzer (CEO) and Ken Shaw (CTO).

"Safe lets users link their bank accounts to the app and manage their activities all from one place. No need for 5 bank apps, internet banking, or visits to different bank branches, Safe allows you to manage everything from one convenient and safe place," explained Todd to DailySocial.

Not like the app e-wallet or e-money in general, which requires a process top-up balance in it, all transaction processing is done using the existing balance on the integrated bank account. The encryption process is very strict, and to ensure more security, two-factor authentication applied through token bank for every transaction made.

"Many things can be done with Safe, for example, sellers on Instagram can request and directly track customer payments without needing to" screenshot confirmation code. One can track their monthly transportation and food costs. Until making transfers to other accounts outside the region," added Todd.

Want to be more than just mobile banking

The Safe application is currently available for free (for a limited time) on the Google Play Store. The iOS version is scheduled to be released in September. For the Safe for Business version, users will find a reporting and account management dashboard. Through this dashboard, account activity will be presented directly real-time which is easy to connect to existing order management systems.

"There has been a lot of progress in internet banking and mobile e-wallets, but there are two core needs are not addressed. First users want one unified tool to manage their multiple accounts. And both Safes believe that people don't want or need accounts e-wallet or mobile banking others, they just want an easier way to send money directly from their bank account to another bank," said Todd explaining the comparison with existing applications.

In general, Todd and Ken's goal with Safe is to give Indonesians choice, control, and access to their money. They want users to trust Safeguards as their independent financial partner, providing a simple and fun way to manage money better. The big dream of both, Safe can be "must-have" for any online business.

Currently, Safe has also collaborated with many companies E-commerce to improve order management, improve customer experience, and increase sales conversions. This collaboration brings Safe's ability to instantly match transactions with orders, so customers don't have to wait for their orders to be processed, and companies don't have to manually check each transaction.

Starting a big debut from the Indonesian market share

The safe consists of the composition co-founder special. Todd is experienced in the field of business strategy, his experience has led a software company to expand throughout Southeast Asia. Meanwhile, Ken has been in Southeast Asia for more than 12 years, and has relationships with several large companies in Indonesia such as Garuda Indonesia and KapanLagi Network. Previously, Ken also had experience as the CTO of Multiply.com.

Regarding the Indonesian market, Todd explained that now is the right time for fintech to flutter. Several factors have come together, making it the ideal time to upgrade mobile banking next level. These factors include (1) Indonesians like to shop online, (2) more people have smart phones, (3) fewer people have credit cards or electronic wallets that they use for online shopping, (4) Indonesians prefer to pay online using direct bank transfer, but the process is still slow and inefficient, and (5) many Indonesians have more than one bank account.

To support its business operations, Brankas received an investment of around $500 thousand from several investors, one of which was Plug and Play as a Silicon Valley accelerator which recently launched batch first in Indonesia. Selected safes for batch their first, including providing support by including experts fintech and angel investors from Asia, Europe, and North America, as well as Google engineers to serve as technical advisors.

Currently, Brankas is preparing to expand to other countries in Southeast Asia, whose debut will be announced in the near future.