Flow manages users’ money-flows using an autopilot feature which acts a lot like a “pre-accounting method”… It can also recognise invoices, before automatically saving or depositing money into an assigned account, and sets aside VAT.
Whilst the offering is geared towards freelancers, companies and consumers can also use the service to save and manage cash flows.
[Co-founder:] “Other apps look in the rear-view mirror and only show what you’ve spent, while your bank account shows a different balance. With Flow, you can look ahead and determine what you can spend on groceries or eating out next month.”
Flow says it is “already talking to banks from all over Europe” which are interested in the start-up’s technology… its app “will soon after be available for all of Europe”.