Otomo: How money flows.

The financial assistant for a new generation of independent workers. Otomo (formerly known as "Pays.ly") helps you plan and bring your goals to life on autopilot. Within minutes, you can be set up to automatically transfer money from your bank to your savings goals, as well as pay friends and family. Manage your money your way with our customizable cash-flow planner. Decide which income goes where, whether it’s the same amount or a percentage of your pay. Either way, you save what you can when you can, and can withdraw your money whenever you like. That’s what it’s all about. Otomo keeps you on track when your cash flow is normal, and knows to pause your automated plans when you're waiting on money to come in. You can even make certain transactions ask for your approval before they go out – so you're always in control. HOW IT WORKS 1. Create a goal – this could be a financial priority or big life goal. 2. Tell Otomo how much, how frequently, and with what income you want to fund your goals. Get specific. 3. Sit back and reach your goals without thinking about it. WHAT CAN I DO WITH OTOMO? Gig or freelance tax savings: “Whenever I get a payout from #Lyft or #Uber, set aside 30% for income taxes.” Pay back a friend: “Once a month, send $75 to Amy, as long as I have at least $1,000 in my checking account until I’ve sent a grand total of $350.” Save for a special occasion: “As long as I have $1,200 in my bank account, save 5% of my income up to a grand total of $3,500 for my Adventure to Bali.” Work-related savings: “Whenever I get a payout from #Upwork, set aside 5% for a new Macbook.” SECURITY -Our partner, Plaid, also partners with companies like Venmo and AMEX to provide secure connectivity to nearly 10k banks and credit unions throughout the US -Your bank log-in credentials cannot be stored by us -Bank-grade and military-grade security and encryption keep your personal data safe -SMS verification to prevent fraudulent accounts -VoIP, Google Voice, and international numbers are blocked for further fraud protection -Face ID & Touch ID for device-specific protection AT-A-GLANCE INFO -View your bank and savings balances all in one place. -Progress bars give you instant perspective. ALERTS -We’ll keep you informed of progress and let you know immediately if we detect suspicious activity related to your account. HOW WE MAKE MONEY Yes, Otomo is free. Charging fees to save money just doesn't make sense, so we found a better way. When you tell us what your goals are, we can go out and negotiate great prices for the things you actually want (while keeping you anonymous, of course). If you like what we bring you, we get paid by the companies who are lucky enough to win your business. That’s it, we earn commission by helping you hit your goals faster.