New Money Clouds app introduces social savings, changing the way we save, share, and spend

Personal and social savings app helps customers gain control of finances. Makes saving money easy, interactive, and enjoyable

Bellevue, WA – Quemulus, Inc. launched the next generation of money management technology and goal-based savings – Money Clouds™. Similar to the widely used envelope system, the Money Clouds platform helps customers define and save for individual goals outside of their primary bank account. In addition to personal savings features, customers can connect with family and friends, contribute to the goals of others, and save in groups for shared savings goals. These unique features offer an aspect of social connectivity previously unseen in the banking industry.

“Money Clouds was created to give customers the freedom to manage their money the way they want with the people they trust,” said Jason Conway, founder and CEO, Quemulus, Inc. “With 1 in 3 Americans near financial disaster, it’s crucial to educate customers about financial responsibility and provide tools to help them better save and budget money. To save money with greater success, you need to save it somewhere that is separate from your primary bank account. With Money Clouds™, customers are able to do just that and more. Monitoring personal savings, easily managing goals, and sharing with family and friends all from a single source is now possible.”

Money Clouds offers customers the ability to:

•Create an unlimited number of Money Clouds to manage and track each savings goal
•Fund Money Clouds from an existing checking account
•Save money in a FDIC insured account
•Set automatic funding schedules for individual Money Clouds to predictably meet savings goals
•Connect with family and friends to contribute or request funds
•Collect money as a group for a shared savings goal
•Send or request money via in-app messaging
•Secure account with Touch ID & PIN (2FA coming soon)

Watch the Money Clouds™ Video on YouTube: https://www.youtube.com/watch?v=wKpNgUnxi0Y

Money Clouds lets customers save for goals and budget finances immediately, all for free. Customers can also send social contributions for a small fee. The app is free for download in the United States. Customers must have a device running iOS 8.0 or greater (Android and web coming soon) and have a checking account with a US banking institution.

To download the app on Itunes: https://itunes.apple.com/app/id921770822

Learn more at https://www.moneyclouds.com

Download screenshots and logos at https://www.moneyclouds.com/press

About Money Clouds: Money Clouds™, a Quemulus, Inc. mobile product, is a money management app designed to help customers save intentionally. Unlike other platforms that simply act as a ledger, Money Clouds allows customers to deposit and set aside money for things they are saving for. In addition to personal savings features, customers can connect with family and friends, contribute to the goals of others, and save in groups for shared savings goals. Money Clouds delivers visual, goal-based savings with a social twist.

Follow us on Facebook, Twitter (@MoneyCloudsUSA) and Instagram (@money_clouds).

About Quemulus, Inc.: Quemulus, Inc. is a Bellevue, WA based company focused on connecting individuals, businesses, and charitable organizations through cloud-based technologies. The business is a Delaware Corporation, incorporated on December 20, 2011. Quemulus, Inc. does not have a parent company or subsidiary.