Wych Money – The origin story

Like any good superhero story, our Wych back story is what framed and shaped us. The real-world impact of changing life pressures helped grow us from an idea to a seedling and now to a sapling.

Wych was the brain child of Founder Dermot Butterfield. Áine, a technology leader, supermum and Dermot’s partner had taken a career pause to care for their twin daughters. With that pause now ending it was Dermot’s turn as primary carer. The challenges of a single-income family were beginning to mount.

Faced with rising costs, and a few unknowns, Dermot did what he did best and created an app, using AI and their bank data. From this, he could work out when a bill was due, predict how much it would be and set aside money to cover it. He started looking at how he could maximise every dollar he had. The family saw savings in places they didn't expect. They were able to find $1200 in savings in a year. This is when Dermot decided it was time to see if this could work for others.

And Wych was born, to help regular people manage their finances, even if they aren’t financially minded. How does that happen if you aren’t a lover of a good spreadsheet? Simple, with open banking in Australia, we can securely look at finances, identify savings, and then help you get back on track.

We are currently working on bringing our app to life, if you want priority access to get it before everyone else click here. Otherwise, check back with us soon and we will start introducing you to our team.