What is Lumio?
Lumio revolutionizes financial management for couples by providing a unified platform to track shared expenses, bills, balances, and net worth. The app seamlessly integrates with over 120 banks and credit cards, allowing partners to control what bills, expenses, and accounts they share while maintaining individual privacy.
The platform features sophisticated expense splitting capabilities, automated bill sharing, and detailed spending analytics. With bank-grade security measures and FCA regulation compliance, Lumio ensures secure financial management while offering intuitive tools for expense tracking, bill management, and balance settlements between partners.
Features
- Shared Space: Dual control for tracking shared expenses and bills
- Multi-Bank Integration: Connect 120+ banks and credit cards
- Automated Bill Sharing: Set repeated expenses to share automatically
- Expense Splitting: Simple tap or swipe to split expenses
- IOU Tracker: Calculate and settle balances between partners
- Spending Analytics: Break down expenses by category
- Custom Split Ratios: Set percentage-based expense splitting
- Real-time Syncing: On-demand data synchronization
Use Cases
- Managing shared household bills
- Tracking joint account expenses
- Splitting rent and utilities
- Managing shared subscriptions
- Tracking shared grocery expenses
- Settlement of shared credit card bills
- Monitoring couple's net worth
FAQs
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How does Lumio keep data safe?
Lumio uses bank-grade 256-bit TLS encryption, implements ISO-27001 security procedures, and operates as a read-only service. Credentials are encrypted separately from personal information and never stored. -
Is Lumio regulated?
Yes, Lumio is registered as a Payment Services Directive Agent of Moneyhub Financial Technology Ltd, which is authorized and regulated by the Financial Conduct Authority. -
Who is Lumio's data aggregation provider?
Lumio uses Moneyhub Financial Technologies Ltd as their trusted third-party data aggregation provider, chosen for their secure infrastructure and broad range of connections in the UK.
