Piere

???With the holidays in full swing, we dug into the financial challenges millennials continue to face. The numbers are in: millennials are leaning on credit cards at record rates this holiday season, with?88% of Black Friday purchases made on credit cards this year—up from 79% of holiday purchases in 2023. Inflation has taken a sizable bite out of purchasing power, leaving many millennials with little choice but to rely on credit cards just to make it through the year's end. At Piere, we're giving everyone intelligent, personalized tools that help you take control of your finances and uncover funds you might be leaving on the table. Our goal is to make managing your money during the holidays—and beyond—easy and intuitive. Read more about our new report in the?New York Post article via the link in the comments. Try Piere today to set yourself up for a financially brighter 2025! #FinancialHealth #MillennialMoney #CostOfLiving #Piere

CNET has published fresh insights on our cash stuffing study of 1,500 Americans, further uncovering a lack of individual know-how when it comes to doing more with the money you already have. As our CEO Yuval Shmul Shuminer points out, financial consumers are "searching for something they can trust." Our study reveals bigger signals that point to an opportunity to reassure and reeducate financial consumers on the opportunities they may be passing up. How much cash are you keeping around the house? The average amount stored around home - tucked under the mattress, in an urn, laying under the carpet - exceeds $500 (really). Read the article on CNET for the full reveal.

Think keeping money stuffed under the mattress is a myth? Our CEO,?Yuval Shmul Shuminer, spoke to?CNBC about our latest research, which uncovered some surprising hiding spots (spoiler alert: the freezer is one of them), pointing to a much bigger issue for the average person's challenges deciding where and how to maximize use of their money. Keeping cash at home might feel secure, but it comes with risks many people don’t consider. Aside from most home insurance policies not covering the loss of cash in fire, flood, or other natural disasters, it's impossible to grow money - something Xray from Piere excels at guiding through personalized AI - when it's kept outside of a financial institution. Curious to know the strangest places Americans keep their money at home? (Of course you are!) Check out the article in the comments.? #PersonalFinance #SmartMoneyMoves #Piere

With no respite from high consumer prices in sight, households everywhere continue to monitor spending and reemphasize the importance of saving money. Today, Fortune published data from our report on this topic, highlighting how our study of 35,000 Millennials' spending habits over the past three years dives deep into this growing sentiment. Our survey found that nearly 40% of millennials report having increased their credit card usage in the last year to be able to manage daily expenses, and 20% say they’ve increased their credit card usage by more than $500 in the last year, among other findings. What's more, a majority of those surveyed continue to postpone events that are important to them—weddings, home purchases, and the like. For us at Piere, it's clear that the time is right for better financial management with greater, personalized clarity, and that's exactly what we'll keep innovating to deliver. Read the article via the link in the comments.

Millennial Americans are rethinking their financial future ?? Our latest Piere study reveals that 5 out of 6 millennials don’t believe the current administration will reduce the cost of living. This skepticism is fueled by personal experiences, such as a 78% surge in credit card fees and a 33% rise in late payment fees between 2022 and 2024. What’s more, it’s reflected in real financial decisions. With rising costs, millennials are cutting back on non-essentials, prioritizing savings, and looking for smarter financial strategies. In this context, personalized financial insights which lead to greater budget clarity are more important than ever. Read more in?GOBankingRates and?Crowdfund Insider (links in comments!)

Millennials are under financial pressure like never before—and the old advice just isn’t cutting it. To cut through the noise created by traditional financial advice, Piere CEO Yuval Shmul Shuminer sat down with?Payment Expert?to explain how?Piere?is rewriting the playbook on personal finance. Forget the outdated budgeting tips that ask you to skip your morning coffee. Instead,?Piere’s AI-powered platform?helps uncover an average of?$3,200 annually?by finding hidden inefficiencies in your spending, savings, and credit—without asking you to give up life’s small joys. Yuval reveals why smart, automated money management is more important than ever and how?personalized financial insights?from Piere make it easy for millennials to take control of their financial future. Check out the full article in the comments ?? #Piere #Millennials #AI #PersonalFinance #MoneyManagement

At Piere, it's our constant mission to equip individuals with powerful tools and insights that make personal finance simpler, smarter, and more accessible. Today, we’re thrilled to announce the next step in our journey: an expanded partnership with the National Foundation for Credit Counseling (NFCC), the largest nonprofit debt management association in North America! ? This expanded program builds on the success of our initial collaboration, integrating Piere's advanced, proactive financial technology with NFCC's decades of expertise in consumer financial education and counseling. Together, we’re making it easier than ever for consumers to take control of their financial futures. ? Here’s what this expanded partnership means for consumers: ? Personalized financial insights tailored to each unique journey ? Seamless access to NFCC’s expert credit counseling services when needed ? Intelligent, evolving tools for smarter money and debt management ? Yuval Shmul Shuminer, Founder and CEO of Piere, commented, "By integrating Piere's advanced financial management tools with NFCC's expert counseling services, we are providing a truly comprehensive solution for consumers seeking to take control of their financial lives." ? Why this matters: This collaboration ensures we meet consumers wherever they are in their financial journey—providing the guidance, tools, and support needed to turn financial challenges into opportunities for growth. ? "This expansion of our partnership with Piere marks an exciting new phase in our Life Beyond Debt initiative," said Mike Croxson, CEO of the NFCC. "By providing our member agencies with these advanced tools and resources, we are equipping them to better support consumers in achieving their financial goals." ? We’re excited to keep innovating, collaborating, and helping individuals unlock their financial potential, and to discover the money hiding in plain sight. Stay tuned for updates as we work to transform the financial wellness landscape together. ? ?? Read the full press release here:?https://lnkd.in/dew4nudh ?? Learn more about the NFCC and Piere partnership:?https://lnkd.in/dzPsj-aZ ? #FinancialWellness #FinTech #Partnership #Piere #NFCC

Can AI help with your finances? Absolutely. But is relying solely on generative AI tools like ChatGPT the answer? Not really. AI has incredible potential to make managing personal finances more efficient and personalized, but it falls short when used for generic financial advice. This is because everyone’s financial situation is unique! As our CEO and Co-Founder,?Yuval Shmul Shuminer, recently shared with?Anisha Sircar at?Forbes, generative AI often treats financial decisions as one-size-fits-all when they’re anything but. Real financial management requires understanding the interconnected nuances of your priorities, trade-offs, and goals. A generic approach just doesn’t cut it. That’s why at Piere, we are using AI strategically. It’s not about getting cookie-cutter advice—it’s about leveraging AI to clean up your financial data, make sense of your transactions, and present actionable insights tailored to you. Read the full piece via the link in the comments!

Piere is announcing today a forward-thinking partnership with?Credit.org! This collaboration unites Piere’s advanced financial management technology including the new AI-powered Xray feature, with Credit.org’s trusted experience in consumer credit and financial education, delivering comprehensive tools to help individuals tackle debt, take control of their budgets, and achieve sustainable, actionable financial well-being. Together, Piere and Credit.org are creating innovative ways to address consumers' most pressing financial challenges. ? “Piere’s expertise ensures that we connect with individuals at the perfect moment in their financial journey. This approach allows them to access the required support and engage with a certified financial counselor when ready. By working together, we can empower people to achieve their financial goals,”?said Cyndi Williams, President and CEO at Credit.org. ? This partnership marks a pivotal step forward in our commitment to making financial empowerment accessible to everyone. Whether someone is just beginning their financial journey or looking to deepen their understanding, the Piere app—now integrated with Credit.org’s services—offers the powerful tools and resources they need to regain control of their financial lives. ? “Our mission is to provide users with smarter financial tools that take the guesswork out of managing a budget and getting out of debt," asserted Yuval Shmul Shuminer, Founder and CEO of Piere. "We believe this partnership with Credit.org allows us to improve the financial outcomes of consumers experiencing debt and financial hardship by combining the financial clarity provided through our technology with the personalized assurance that only a human counselor can offer.” ? Learn more about how this partnership can benefit you:?https://lnkd.in/dbH-FeVh. Read the press release on the partnership: https://lnkd.in/d-V6UFM2

Piere is announcing today a forward-thinking partnership with?Credit.org! This collaboration unites Piere’s advanced financial management technology including the new AI-powered Xray feature, with Credit.org’s trusted experience in consumer credit and financial education, delivering comprehensive tools to help individuals tackle debt, take control of their budgets, and achieve sustainable, actionable financial well-being. Together, Piere and Credit.org are creating innovative ways to address consumers' most pressing financial challenges. ? “Piere’s expertise ensures that we connect with individuals at the perfect moment in their financial journey. This approach allows them to access the required support and engage with a certified financial counselor when ready. By working together, we can empower people to achieve their financial goals,”?said Cyndi Williams, President and CEO at Credit.org. ? This partnership marks a pivotal step forward in our commitment to making financial empowerment accessible to everyone. Whether someone is just beginning their financial journey or looking to deepen their understanding, the Piere app—now integrated with Credit.org’s services—offers the powerful tools and resources they need to regain control of their financial lives. ? “Our mission is to provide users with smarter financial tools that take the guesswork out of managing a budget and getting out of debt," asserted Yuval Shmul Shuminer, Founder and CEO of Piere. "We believe this partnership with Credit.org allows us to improve the financial outcomes of consumers experiencing debt and financial hardship by combining the financial clarity provided through our technology with the personalized assurance that only a human counselor can offer.” ? Learn more about how this partnership can benefit you:?https://lnkd.in/dbH-FeVh. Read the press release on the partnership: https://lnkd.in/d-V6UFM2