Old Mutual has rebranded its popular financial tool, 22seven, as Vault22. This new platform, backed by co-investors SC Ventures and NEXT176, combines the best features of the former 22seven and Autumn, aiming to support South Africans in achieving financial wellness.

Vault22 offers a comprehensive suite of features designed to improve financial health:

• Spending Monitoring: Real-time transaction alerts help users track their spending.
• Encourages Discipline: Users can set and track spending targets to stay accountable.
• Insights Generation: Track spending patterns and categorize transactions for better budgeting.
• Wealth Growth: Provides investment opportunities to help users grow their savings.
• Knowledge Access: Learning materials designed to boost financial understanding and net worth.
• Fraud & Fee Prevention: Automated reminders and high-level security to help avoid late fees, overdrafts, and fraud.
• Debt Reduction: Guidance on efficient ways to pay down debt.

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