A new promising budget analysis and management app that works in the EU.
I found Martia when I looked for the European equivalent of the American budgeting app RocketMoney. The US app was recommended in the discussion group I was in, however when trying to use RocketMoney I soon realised that it can only connect to the American banks. Searching through Google I found out about Martia being the European equivalent. I got on the waiting list, and when the app went live, I signed up to use it.
The first impressions are positive, it was surprisingly easy to connect my banks, and the app had a guide inside with steps to take to learn the various functions. I felt adventurus and I used the "ask the AI" function as I do not have any data I feel sensitive about in my bank statements right now. However, I hope that the company will provide more information to the users in the future about how our data is protected when it travels to and back from the LLM (AI models) when the LLMs give answers and analysis about our money. This could help reassure us the users, at the moment I feel hesitant, as there have been various warnings about sending private data to AI. Maybe there are already some protective mechanisms under the hood, and I would like to know more about how the data protection works.
I hope that the app will succeed cause we never know with the startups, and they may do well or not, things change so suddenly these days. I have used a different, not finance related, AI-based app developed in Denmark for 2 years, and recently the company had folded, while other apps and companies keep growing. It seems to be a random lottery, and I hope that Martia wins this "success lottery" as it is a smooth useful app from my experience so far.








