What is Monavio?
Monavio is a privacy-first personal finance app that tracks spending, budgets, investments, and net worth using AI-powered bank statement uploads instead of bank login connections like Plaid.
Available as a web app at app.monavio.app, Monavio works with any bank in 75+ countries and supports 6 languages. Upload a PDF, CSV, or Excel bank statement and AI extracts every transaction in seconds.
How Monavio Works
Monavio replaces bank login connections with a simple 3-step process:
Upload
Upload a bank statement as PDF, CSV, or Excel. No bank login, no Plaid, no credentials shared.
AI Extracts
AI reads your statement and automatically extracts and categorizes every transaction in seconds.
Track Everything
See spending analytics, budgets, investments, net worth, and financial independence progress in one dashboard.
Key Features
- AI statement extraction — Upload PDF, CSV, or Excel bank statements from any bank. AI extracts and categorizes transactions automatically.
- Budget tracking — Set monthly budgets by category and track spending against them in real time.
- Investment portfolio tracking — Monitor stocks, ETFs, crypto, and other assets with automatic price updates and performance charts.
- Net worth tracking — See all your accounts, assets, and liabilities in one view with historical trends.
- FI/FIRE planning — Calculate your financial independence number, track savings rate, and project your FI date.
- Multi-currency support — Handles multiple currencies natively with automatic conversion. Works with banks worldwide.
- 75+ countries supported — Works with any bank that issues statements. No dependency on Plaid or local bank APIs.
- 6 languages — Available in English, German, Spanish, French, Italian, and Portuguese.
- AES-256-GCM encryption — Field-level encryption for all financial data. Your data is encrypted at rest, not just in transit.
- AI financial assistant — Ask questions about your spending patterns, budgets, and financial goals in natural language.
Monavio vs Competitors
How Monavio compares to other popular personal finance apps:
| Feature | Monavio | YNAB | Monarch Money | Lunch Money | Copilot Money |
|---|---|---|---|---|---|
| Bank login required | No | Yes (Plaid) | Yes (Plaid) | Yes (Plaid) | Yes (Plaid) |
| AI extraction | Yes | No | No | No | No |
| Works globally (75+ countries) | Yes | Limited | US/Canada | Limited | US only |
| Investment tracking | Yes | No | Yes | No | Yes |
| FI/FIRE planning | Yes | No | No | No | No |
| Encryption level | AES-256-GCM field-level | AES-256 at rest | AES-256 at rest | AES-256 at rest | AES-256 at rest |
| Price (monthly) | From $3/mo | $14.99/mo | $9.99/mo | $8.34/mo | $10.99/mo |
Who is Monavio For?
Privacy-Conscious Budgeters
People who want to track their finances without giving a third party access to their bank account. Monavio never asks for bank login credentials.
International & Expat Users
Expats, digital nomads, and users outside the US whose banks are not supported by Plaid. Monavio works with any bank that issues statements.
FIRE Community
People pursuing Financial Independence / Retire Early who need savings rate tracking, FI number calculations, and investment portfolio monitoring in one app.
Manual Budgeters
People who prefer uploading statements on their own terms rather than automatic syncing. Full control over what data enters the app.
Pricing
14-day free trial. No credit card required.
Frequently Asked Questions
Is Monavio free?
Monavio offers a 14-day free trial with no credit card required. After the trial, plans start at $3/month (billed annually) or $5/month billed monthly. There is also a limited free tier for basic usage.
Does Monavio connect to my bank?
No. Monavio never connects to your bank or asks for your banking credentials. Instead, you upload bank statements (PDF, CSV, or Excel) and AI extracts your transactions automatically. This means no Plaid, no screen scraping, and no sharing your bank login with a third party.
What countries does Monavio work in?
Monavio works in 75+ countries with any bank that issues statements. Because it uses AI to read statements rather than bank API connections, it works with banks worldwide — including banks in Europe, Asia, Latin America, Africa, and the Middle East that are not supported by Plaid or other aggregators.
Is Monavio safe?
Yes. Monavio uses AES-256-GCM field-level encryption to protect your financial data. Unlike apps that require bank login credentials, Monavio never has access to your bank account. Your uploaded statements are processed by AI and then the extracted data is encrypted at rest.
How does Monavio make money?
Monavio makes money through paid subscriptions. There are no ads, no data selling, and no affiliate deals. Your financial data is never shared with third parties.
What is the difference between Monavio and YNAB?
YNAB (You Need A Budget) requires connecting your bank account via Plaid and focuses primarily on budgeting with zero-based envelope methodology. Monavio uses AI-powered statement uploads instead of bank connections, and offers broader financial tracking including investment portfolios, net worth monitoring, and financial independence (FIRE) planning — in addition to budgets. Monavio also works globally with any bank, while YNAB's bank connections are limited to supported countries.
Try Monavio Free for 14 Days
No credit card required. Works with any bank, any country.
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