Australian Psychological Association Survey 2013 "Financial issues remain the LEADING CAUSE OF STRESS amongst Australians with more than half of Australians (52%) reporting it as a source of stress".

Tanjo helps take away the worry and stress of managing your money by automating the budgeting and bill paying process. Not just a budgeting system, Tanjo combines psychology and finance and introduces the concept of 'structural finance' (coined by founder Melissa Tozer).

Structural finance provides a barrier to undesired consumer behaviour and allows consumers to succeed at their financial goals by removing the need to use will power and personal effort.

Tanjo is an automated money management system that does your budgeting and bill paying for you, so that you can relax knowing that it’s all taken care of.

Tanjo operates a specialised bill account on behalf of the client that is only accessible to major bill providers such as utility companies, council rates and water, phone comp...
Australian Psychological Association Survey 2013 "Financial issues remain the LEADING CAUSE OF STRESS amongst Australians with more than half of Australians (52%) reporting it as a source of stress".

Tanjo helps take away the worry and stress of managing your money by automating the budgeting and bill paying process. Not just a budgeting system, Tanjo combines psychology and finance and introduces the concept of 'structural finance' (coined by founder Melissa Tozer).

Structural finance provides a barrier to undesired consumer behaviour and allows consumers to succeed at their financial goals by removing the need to use will power and personal effort.

Tanjo is an automated money management system that does your budgeting and bill paying for you, so that you can relax knowing that it’s all taken care of.

Tanjo operates a specialised bill account on behalf of the client that is only accessible to major bill providers such as utility companies, council rates and water, phone companies and private health companies.

Through the Tanjo website and app clients have the option of being walked through a basic budget or we can access the clients bank accounts and analyse their previous bill history providing them an estimate of their average bill costs. Clients then approve this amount to be debited from their account EACH PAY CYCLE on the day they get paid.

This allows the client to relax knowing that Tanjo is helping ensure their bills are paid from this bill account as they fall due and they are free to spend their remaining funds and get on with their life.

This removes the need for the client to budget and keeps them in control of their life, meaning less psychological stress and potentially better relationships with loved ones as struggles with money become a thing of the past! Recent figures from a Relationships Australia study show that 71 per cent of people believe that financial strain pushes couples apart.

Clients benefit by avoiding late fees, making use of discounts, avoiding credit card interest and saving time.

Clients have the option of increasing their amounts set aside each pay and using these funds to invest directly from the Tanjo platform or having the funds build up in their account as forced savings. This helping clients take control of their financial health and instilling a sense of pride.

Source: www.psychology.org.au/Assets/Files/Stress%20and%20wellbeing%20in%20Australia%20survey%202013.pdf
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Recommendations

Rick Anstey Advisor at SecondLab

I have known Melissa Tozer for several years and followed her active role in the Start-up community. She has been a mentor, a futurist and an inspiration to others. I was therefore very interested when she recently pitched Tanjo. The market for the Tanjo offering is very large and global and there are competitors already in the market. This, for me, qualifies that there is a real need. Carving out a niche in this sector, initially in Australia and then globally is very realistic. I recommend Tanjo as being a well positioned start-up with potential for strong growth , globally, if appropriate funding is applied.

Aaron Birkby Founder at Arinda Internet

Founder Melissa Tozer is extremely well placed to lead this fintech startup, to simplify household budgeting and cash flow, through an automated digital solution. As an experienced financial planner, Melissa is digitising her knowledge of financial services into a solution to deliver real value to anyone who has bills to pay.