Everyone’s invited!

Avatar of Nishant Verma

Nishant Verma

Co-Founder, Head of Design

For the last year and a half we’ve, at times, been accused of creating “hype” by keeping Fold behind an invite wall. Though hype was a byproduct, and we’re not complaining about it, the control on inflow of users and support requests helped us craft Fold meticulously and with a lot of focus on individual user pain points.

We’ve come very very far from where we started, and we’re closer than ever to achieving our vision with Fold: to be an operating system for your money. Now seems like a great time to open the floodgates and let everyone have a taste of Fold. Starting today, Fold is not in invite only public beta, but just in public beta.

We will still keep the beta tagline for a few more months till we add and polish a few very important features.

Last year, around this same time, we shot a video explaining what we want Fold to be, have a look! It’s only two minutes long. And here it is on YouTube.

Watched it? Let us know what you thought!

Moving on…

Now where do we go from here? What does the path to getting Fold out of beta include. First and foremost, we want to support all major banks including SBI, the work on it is ongoing and SBI should be live in the next two months, somewhere in March or April.

After adding credit cards, the next step is to merge credit card and bank transactions into the same list. The list you access from the transactions (second tab) tab in Fold. This way, credit card spends will also effect your spending summary and cash flow.

After this, comes investments. We only recently introduced investments on Fold, as of now you can only pull your stock portfolio, we want to include ETFs and Mutual Funds too. This, along with your credit cards and bank accounts will be able to give you an accurate picture of your net worth.

Other auxiliary things include, a more functional transaction search, improving machine learning with our F1 engine, shared transaction groups (Splitwise what? what?) and improved refresh performance.

As we assess how people are using Fold, we’re also getting close to coming up with a subscription model that works best for people who just want to manage their finances passively, without getting too much into it, and at the same time also for superusers, who go into every detail and meticulously keep track of every paisa.

The road ahead is shorter than what we have traversed so far.  We’re almost there, we’re quite proud of what we’ve been able to pull off with a small team and big hopes. We can’t wait to show you what more is in store, stay tuned!