Relievo
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Date of Foundation
2024

Relievo

Revolutionizing Debt Management through AI

The Idea origin story

Relievo harnesses the power of AI to revolutionize debt management, providing personalized strategies tailored to each user. By transforming intricate financial data into simple, actionable insights, we empower individuals to maximize their debt repayment, enhance their financial literacy, and ultimately, secure their financial independence.

The Mission

Vision: To revolutionize financial well-being through AI-driven empowerment. Mission: Simplify debt management, enhance financial literacy, and foster economic independence.

Clients

Our customers are individuals grappling with personal debt, seeking efficient, AI-guided financial management solutions.

Problems we solve

Client’s problem

Relievo addresses the complexity of debt management, inefficient repayment methods, and lack of personalized financial guidance, saving users time, money, and stress in achieving financial stability.

Confirmation of problem

the actuality of the problem is confirmed by the fact that consumer debt in the U.S. alone has surpassed $14 trillion, indicating a widespread need for effective debt management solutions.

Solution

Our solution is an AI-powered platform that simplifies debt management, optimizes repayment strategies, and provides personalized financial advice.

Our technologies

This solution is based on technologies

Artificial Intelligence, Machine Learning, Big Data Analytics and Cloud Computing.

How it works

Our platform integrates users' financial profiles, where our AI systematically evaluates income vs. debts, to design and monitor personalized debt repayment strategies.

Value for the client

Relievo, using AI, transforms complex financial data into actionable insights to optimize debt repayment and foster financial independence.

Market and strategy

Market size

1400

mln/year

We estimate the market size for which our solution is designed in monetary terms as follows

Market share goal

5

% of the market

Is our goal in the next 3 years

Team

My name’s

Michael Olumegbon

My key role in the product

As the Founder, my key responsibilities lie in driving product development, leading AI integration, executing strategic plans and ensuring we stay true to our mission and vision.

Team size and key members

Currently, I'm a solo founder utilizing my skills in software engineering to manage product development, AI integration, business strategies, and stakeholder relations.

Competitors

Competitors

Other potential competitors could be emerging FinTech startups with AI-driven solutions like Trim or Digit, and established platforms like Mint that offer financial tracking and debt management.

Our Advantages

Relievo's advanced AI tailors optimal debt repayment strategies to individual financial goals, bundling real-time tracking and educative resources into an effective user-friendly solution.

Business model

Relievo offers tiered subscriptions: $6.99 for Plus, $14.99 for Premium and $29.99 for Pro - personalized financial aid including debt analysis to wealth management tools.

Traction

Since founding Relievo in January 2024, I've validated market needs via customer interviews, honed our product vision, built a prototype and landing page, crafted an AI tech stack, planned a precise product roadmap and initiated funding outreach for MVP development.

We've successfully developed a comprehensive MVP, conducted market fit analysis, and established an active user base who thoroughly enjoy our app.

Metrics

As a newly created startup, Relievo is currently implementing ways to monitor key metrics: user acquisition and engagement, facilitated debt payments and completion of repayment plans. These will be closely tracked from the beta phase through MVP release to guide product enhancement.

Currently, I'm self-funding my startup while maintaining full-time employment. I strive to resourcefully manage the budget and keep minimal operational expenses.

Incorporation

Our company incorporated in

Delaware

Key risks

My startup's primary risks include lengthy development timelines, capturing and retaining users, building complex AI with a small team, competitors copying our services, securing funds for growth milestones, and possible financial sector regulatory changes. However, we have mitigation plans set for each risk identified.

Investments

$

0

We raised investments

Our Investors

im sole owner and founder

Rising Investments

$

0

Currently, we are raising investments

$

0

Estimated pre-investment valuation of the company

We’re looking for a co-founders

Open positions

Article

Read

Additional information

We're poised to revolutionize debt elimination, offering a rapid and intelligent tool for financial freedom. Together, we can reshape the world's approach to debt management.

MVP