SpendAble

SpendAble

Financial Services

Making money safer and more accessible for every person with disability and elderly person with smart payment solutions

About us

SpendAble is the worlds first debit card meeting the payment needs of people with disability and elderly people. The platform focuses on increasing financial independence through capacity building, supported decision making and skill development. The card network allows participants to connect trusted support workers to their money in a safe, auditable way that doesn’t require a participant to hand over their personal cash or debit card. This increases a participants ability to know and control who is spending their money and on what at all times. SpendAble's core utility focuses on: - Participant financial skill development and capacity building - Smarter shared payments that enable safer community access - 1 on 1 and group support environments - SIL and group home expense management - Service provider business expense solutions www.spendable.com.au

Industry
Financial Services
Company size
2-10 employees
Headquarters
Melbourne
Type
Privately Held

Locations

Employees at SpendAble

Updates

  • View organization page for SpendAble, graphic

    655 followers

    Your support workers were hired to provide high quality care, not be on-the-go accountants when they support clients to pay. Get 100% Quality & Safeguard compliant spending records, without the time consuming, error-prone manual processes. This means your staff are happier, your clients are empowered and your focus can remain on delivering high quality care.

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  • View organization page for SpendAble, graphic

    655 followers

    Do you know a participant looking to improve their budgeting skills and reduce impulse spending? SpendAble makes budgeting simple, and guides positive decision making in line with each participants' individual goals

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  • View organization page for SpendAble, graphic

    655 followers

    Cash might be perceived as 'simple' — but it's actually causing you more headaches than you realise: 1. No visibility over spending — putting you and your clients at greater risk of fraud and abuse 2. More places are not accepting cash — excluding participants from society 3. Restrictive practices — money locked in a safe or tin directly violates environmental restrictive practice guidelines So how can you use digital payments that give you visibility, build your participants' capacity while keeping you compliant? By using systems built specifically for NDIS providers and participants

  • View organization page for SpendAble, graphic

    655 followers

    It can take HOURS to record spending information when staff spend on behalf of participants, which takes away from support time, as well as just being an unproductive use of time that often results in mistakes and missing information. Support workers are not hired to be accountants Let's give them processes and solutions that reflect that

  • View organization page for SpendAble, graphic

    655 followers

    Expense management tools used by businesses don't allow for participants to access them, meaning: 1. participants are restricted from their money 2. participants can't develop their own skills and independence 3. families have no oversight NDIS providers need solutions that can deliver all of the expense management needs of their business, while simultaneously supporting their clients.

  • View organization page for SpendAble, graphic

    655 followers

    Supporting participants to use their money shouldn't take up 100's of hours of your staffs time. Simple, fast and compliant money handling — specifically designed for care providers and participants.

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  • View organization page for SpendAble, graphic

    655 followers

    Collecting spending evidence is labour intensive, manual and time consuming. What's worse? You're often left with errors and missing information that you have to endlessly chase — all of this to satisfy your audit requirements, which takes away valuable time from support and more important tasks. Automate it & empower your participants more with systems specifically built for NDIS providers & participants

  • View organization page for SpendAble, graphic

    655 followers

    If your staff are spending on behalf of your participants using cash that is stored in cashboxes or safes, and records kept on a manual ledger — you may want to double check that you're not breaching quality and safeguards or restrictive practice guidelines.

  • View organization page for SpendAble, graphic

    655 followers

    Using a business expense tool is a great way to collect the spending evidence you need to be compliant. But when you need to put a participants money into that business system, you're removing it from a participant — creating a potential environmental restrictive practice violation.

  • View organization page for SpendAble, graphic

    655 followers

    SpendAble was founded on the principle that the care industry is big enough to deserve solutions that cater to it's specific needs. Supporting participants to handle their own money can be complicated and requires you to jump through significant compliance hoops. SpendAble means: ✅ Participants never relinquish access to their money ✅ Participants and their families have real time visibility over their money ✅ Providers and support workers can pay without accessing the personal account or cash of participants ✅ Quality & Safeguard record keeping is done automatically

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Funding

SpendAble 2 total rounds

Last Round

Seed

US$ 64.2K

Investors

Remarkable
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