Vault22 is the newest finance app to arrive in South African app stores. The app is the amalgamation of Standard Chartered Bank subsidiary SC Venture’s wealth management app Autumn, and 22Seven, a finance platform backed by Old Mutual subsidiary NEXT176.

Autumn + 22Seven = Vault22

According to the 2023 FinScope South Africa survey, only 24% of South Africans consider themselves financially healthy, 43% say they’re coping, and 33% feel their financial knowledge and management require improvement. Financial tools like Vault22 hope to fill this gap and help vulnerable South Africans empower themselves with financial know-how.

The app is a combination of Autumn, SC Ventures’s financial goals-setting and wealth-planning platform, and 22Seven, a budget aggregation and tracking app. Vault22 is based in the United Arab Emirates, and is open to users all over Africa, the Middle East, and beyond.

Continue reading HERE