Trim, a San Francisco, CA-based chatbot for personal finance, raised $2.2m in seed funding.
The round was led by Eniac Ventures with participation from Version One Ventures, Core Innovation Capital, and Sound Ventures.
Co-founded by Thomas Smyth, CEO, and Daniel Petkevich, Trim enables two-way communication with its users through text messages or Facebook Messenger and no requires to download an app. Consumers can see their expenses for the past 30 days, receive customized notifications about unusual spending and bank fees across all of their accounts, set up spending alerts, check balance, or cancel subscriptions with a text.
Trim also can contact the relevant biller to cancel a subscription for a user.
In its first 7 months of operations, the chatbot has saved its users more than $6m by cancelling unwanted subscriptions.