Froogal, the future of savings, is now available for early access
Tampa, FL – August 7, 2019 – Froogal, a free online wealth management platform created to help millennials attain financial freedom, has received funding from Queen City FinTech. Based in Charlotte, NC, Queen City FinTech is a financial technology focused business accelerator backed by preeminent banking executives and venture capitalists.
Co-founders and financial freedom chasers, Kale Pasch and Nick Habib felt that the current exploitative banking system needed to be changed. And, as former US Treasury national bank regulators and large bank software developers, they set out to tackle this challenge and change things by creating Froogal.
Froogal is not a bank and is completely free to use. In addition to offering customers the best interest rates on savings accounts in the industry, Froogal delivers automated financial planning tools to help users achieve optimal financial outcomes.
“Froogal is preparing to shake-up the financial industry”, says Pasch, CEO, adding “We had a vision for a better system of saving and knew that not chasing the best rate could cost a person their dreams. We built our company specifically for the financial independence, retire early community, often referred to as FIRE, with the belief that we can dramatically impact their lives.”
Froogal’s intelligent software continuously executes deep Internet searches and locates the highest deposit rates available and then automatically adjusts the rate on Froogal accounts to match. Plus, Froogal actively partners with incredible community banks, credit unions, and wealth management firms to provide the very best personalized services to account holders across the country.
Aside from enjoying the highest account interest rates available, currently 2.55%, users benefit from reduced taxes on earnings, no banking fees, and free advanced tools to help attain financial freedom. Froogal accounts are FDIC insured.
Froogal is now offering early access to its platform at www.froogal.us.
Pasch adds, “Froogal is the future of saving. We are evolving banking to meet the needs of individuals who deserve a better tomorrow, and this starts with changing the dynamics of the industry. Our goal is to make sure our customers never have to wonder if they could have earned more, paid less, or have gotten better advisory guidance elsewhere.”
This fall Pasch and Habib will be entering into the Queen City FinTech cohort with plans to release Froogal to the public in November.
For more information, please visit Froogal at www.froogal.us.
About Froogal
Froogal is the future of savings. Created by two lifelong friends, one a former bank U.S. regulator and the other a financial software developer, that identified a serious problem in the banking industry and set out to fix it. They realized that if people continued to operate under the current banking system, they would never attain financial independence. Nothing existed to fix the problem, and they built it!
Co-founders Kale Pasch and Nick Habib are entering into the Queen City FinTech accelerator in Charlotte, NC this fall. Prior to that, they were part of both the internationally recognized UF Innovate The Hub and the Tampa Bay Innovation Center business incubator programs in Florida.
For more information, please visit Froogal at www.froogal.us, call 215.595.6097, or email team@froogal.us.
Media Contact:
Kale Pasch, CEO
team@froogal.us
215.595.6097
www.froogal.us