What is PennyWise AI?
Track expenses automatically + chat with on-device AI! PennyWise parses bank SMS & runs Gemma 2B locally for financial Q&A. No cloud, complete privacy. Features: spending analytics, subscription tracking, AI chat. Open source & in beta. Try it!
Problem
Users currently track expenses manually or use cloud-based financial apps, leading to time-consuming errors and privacy risks from data stored on external servers.
Solution
An AI expense tracker tool where users automatically parse bank SMS and chat with a local LLM for financial insights, ensuring data never leaves their device. Examples: Expense categorization, subscription tracking, privacy-focused analytics.
Customers
Privacy-conscious individuals, freelancers, and small business owners managing personal or business finances without compromising sensitive data.
Unique Features
On-device processing via Gemma 2B LLM, open-source architecture, automated SMS-based expense parsing, and offline financial analytics.
User Comments
Praises strong data privacy guarantees
Appreciates automated SMS expense tracking
Highlights seamless offline functionality
Notes intuitive spending insights
Requests multi-bank support integration
Traction
Open-source beta with 1.3K GitHub stars, featured on ProductHunt (Top 10 productivity tools of the week), 500+ active installations reported.
Market Size
The global expense management software market is valued at $4.98 billion in 2024, projected to grow at 11.3% CAGR through 2030 (Grand View Research).
