Lumio

Lumio: Couples Finances, Made Easy

What is Lumio? Lumio is a mobile app designed to help couples manage their finances together. It allows couples to track their shared expenses, coordinate bill payments, and save money as a team. Lumio leverages secure Open Banking technology to connect to your bank accounts.

Key Features:

• Shared Expense Tracking: Connect your accounts, control what you share with your partner, and build financial clarity.
• Bill Coordination: Share any bill & expense and keep track of who paid for what.
• Wasteful Bill Detection: Identifies and helps cancel unwanted subscriptions.
• Spending Insights: See where every penny goes with personal & shared spending breakdowns by category, merchant & partner.

How to Use Lumio:

1. Sign Up: Create a Lumio account.
2. Connect Your Account: Securely link your bank accounts using Open Banking.
3. Invite Your Partner: Share the financial journey with your significant other.

Why is Lumio Important?

Lumio eliminates the tediousness of spreadsheets, random mental math, and petty money tiffs. It provides a clear financial snapshot, fostering transparency and collaboration in relationships.

Where Can I Use Lumio?

Lumio is accessible on mobile devices (iOS and Android).

User Reviews:

• RoryRix1991: "Shared space gives us an instant snapshot of all our shared spending - includes joint account and any bills I pay for with my credit card. Connecting accounts is simple."
• PrittiX93: "Got us on top of all our shared expenses together. Smarter than a spreadsheet, Splitwise etc. Found all our bills and subscriptions for us much faster than other apps."

Security:

Lumio uses bank-grade 256-bit TLS encryption to safeguard your data. Your credentials are encrypted separately and never stored. Lumio is a read-only service, ensuring no transactions can occur without your pin-code or biometric ID.

FAQ:

• Does Lumio store bank login details? No, Lumio encrypts all credentials and separates them from personally identifiable information.
• Is Lumio regulated? Yes, Lumio is registered as a Payment Services Directive Agent of Moneyhub Financial Technology Ltd, regulated by the Financial Conduct Authority.