Is it possible to make a finance app that would be easy to use, provide useful insights, respect privacy, and yet be powerful? Well, this is the mission of the Sumio app.
The start-up developing Sumio aims to offer a new way to financial planning – automated, private, and unbiased.
The goal of this app is to help its users understand their money and achieve their financial goals.
The first version of the app is out and available both for Android and iOS devices.
Right now, users can use the app to privately calculate and keep track of personal Net Worth.Â
The app supports automatic updates of market value for stocks, ETFs, or cryptocurrency.
More about this Net Worth Tracker
Sumio is like a health app for your finances. It can provide an overall picture of your financial standing.
With this first version of the app, users can get a complete picture of their assets and liabilities. This app is designed to be an easy-to-use and comfortable app for calculating and tracking wealth – one that protects privacy, guarantees security already in its default settings and includes built-in automation and visualization features.Â
You can use the app to organize and keep track of the value of your assets and liabilities, including investments.Â
Users need not worry about security and privacy because the app does not track users. All data entered by users stay on their devices.
Main features of the finance App
This finance app is available on the Google and iOS App store and has so many features that make it possible to accurately track your assets and liabilities.
Some of these features are:
Keep track of your Net Worth –Â
It’s time to stop guessing. Get the number we should all know regarding our money to make the right decisions – Net Worth.
Using this app for tracking your Net Worth is easy. Just like managing your contacts, you can create records of your assets and liabilities.Â
Built-in automatic calculations give you an overview of your financial situation and automatically calculate the vital financial indicators for you which are Total assets, Net Worth, and Total Liabilities.
Track your stocks, ETFs, and crypto –Â
Automatic updates for the market value of your stocks, ETFs, and crypto-assets are available on the app.
Sumio provides an automatic market value update for thousands of ETFs, cryptocurrencies, stocks, and other equities from the U.S. and from the global markets. Input the quantities you hold, and this app will prepare your current portfolio value.
Have your financial dashboard the way you want it (Customize it to your preference) –Â
One way to customize Sumio to your liking is by adding your favorite indicators, categories, and individual assets and liabilities. With this, your financial overview is available to you once you open the app. You can organize your assets and liabilities by creating custom categories or choosing your preferred colors for charts. (This is available to only premium subscribers).
This app can be customized in any way you like.
Create your balance sheet (Keep your finances organized and tidy) –Â
Sumio is a thorough tool for keeping records and tracking of all your assets and liabilities. 100+ currencies are available for you to easily keep track of all kinds of assets and liabilities. With its automated conversion feature, you can convert to your preferred currency.
This app gives you a precise picture of your wealth enabling you to become wiser about your money –Â
With values and percentages, your assets and liabilities can be reviewed by categories. This finance app is clear and comfortable to us because of its Modern charts and dark mode. You can get the charts in colors you like. Over time, you have a new perspective of your wealth via automatic calculations of value changes.Â
Your privacy is the app’s concern (Private and secure already from the get-go) –Â Â
This app provides absolute privacy to its users. It doesn’t share sensitive and private data with anyone, and there’s absolutely no need for registration or the addition of accounts. With Sumio connecting your bank or brokerage account to the app is not needed. Total control is in your hands and you can create records as you go, and you stay anonymous. This is one app where you can be sure there are no ads whatsoever. The Premium Subscription gives you the business model of the app
Pricing Information
You can download the app for free on Google Play Store or the iOS App Store.Â
Using this app for free has some limitations, but you can subscribe to the Premium plan to unlock all of the features and automation which are:
Tracking of unlimited assets,
Creating custom categories,
An unlimited market data.
The Premium plan has two flexible payment options that you can cancel at any time.
An annual subscription which gives you 6 months free. This plan costs $14.59/12 months.
A monthly subscription costs $2.62/ month.
This premium plan comes with a 3-day free trial.
The subscription starts after the free trial period ends, and will automatically renew until canceled.
Why should you download the App?
Sumio app answers some of the key questions regarding personal finance such as:
What is my net worth?
How does it change over time?
How are my assets and liabilities allocated?
The app is private and secure by default – the app doesn’t collect personal information or track users. All data entry made by the user stays on the user’s device. The app automatically converts values in different world currencies to the chosen default currency based on the current foreign exchange rate and automatically provides market values for stocks, ETFs, and crypto-assets.
S️umio app is the right choice for anyone who wants to take care of money. Anyone who doesn’t want to rely on banks or financial advisors for financial planning and record-keeping.
Users who have already tried to do some financial planning and track their net worth, assets, and liabilities with spreadsheets can benefit from using the Sumio app.
How to use this app?
Using the Sumio app is pretty easy. Just like managing your contacts on your mobile phone, with this net worth tracker, you create records of your assets and liabilities.
You can search stocks, ETFs, and cryptocurrencies by symbol or name and the app automatically provides the market value.
The app also has built-in automatic calculations that outlines your financial situation and automatically computes the essential financial indicators – Net Worth, Total Assets, and Total Liabilities.
The app supports 100+ world currencies. These can be used for the value of your assets and liabilities and also as a Default Currency.
You can choose your preferred Default Currency in Settings. The app uses Default Currency to automatically convert values of assets and liabilities in other currencies. For example, if you choose your Default Currency to be USD, but you own stocks from exchanges in Europe, values of these stocks in EUR or GBP will be automatically converted to USD based on the current exchange rate.
In Settings, you also find categories of assets and liabilities which you can edit (Premium Subscription feature).
Ratings by TheWebAppMarket
Product Design – 4.7 / 5
User Interface – 4.8 / 5
Ui / UX – 4.9 / 5
Overall Performance – 4.8 / 5
TheWebAppMarket Verdict
Sumio is an easy-to-use and comfortable app for keeping record of your wealth. It secures your privacy and contains a range of automation and visualization features.
Sumio helps you organize and track the value of your assets and liabilities, including your investments. This app is designed to protect your privacy and security without requiring registration or any connection to your banking accounts.
Use Sumio to keep track of your wealth and calculate your Net Worth. With the app, you can get updates on the automatic market values for ETFs, stocks, and crypto-assets.
With this finance app, users will be able to better understand their money and achieve their financial goals.
TheWebAppMarket is the leading ratings and reviews platform for web apps, mobile apps, software solutions, and digital service providers. Besides offering top-notch online marketing solutions to global brands and startups, we also offer affordable ASO services for app developers. So if you are a fellow app entrepreneur looking to get your app reviewed by TheWebAppMarket, get in touch today.
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