• 22seven has been rebranded to Vault22.
• Vault22’s co-investors are SC Ventures and NEXT176 which are combining the best bits of their platforms for Vault22.
• South Africans can download Vault22 for free on Android, iOS and Huawei.

Last week, Old Mutual announced that it was rebranding its 22seven tool to Vault22. No, there is no relation to the vault of the same name in the Fallout games, although the choice of names is an unfortunate coincidence.Vault22’s co-investors are SC Ventures and NEXT176 which are combining the best bits of Autumn and what was known as 22seven. Because of this, Vault22 is an evolution of the platform many South Africans will know of and will help many more achieve financial wellness. Among the features in Vault22, users will find:

• Spending Monitoring – Real-time transaction alerts to help users manage spending
• Encourages discipline – Users can set spending targets and stay accountable
• Insights Generation – Track spending and categorise transactions for better understanding
• Wealth Growth – Opportunities to invest the money saved and grow it for the future
• Knowledge is Power – Access to learning materials designed to enhance users’ net worth
• Prevent late fees, overdrafts and fraud – Automated reminders and military grade security measures to facilitate money management  
• Debt Reduction – Vault22 guides users through the most efficient ways to pay off debt

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