About Us
63 million Americans (disproportionately Latino, African American, Native American, rural, and immigrant communities) have been systematically excluded from the sophisticated financial planning tools that wealthy consumers access through their private bankers. Language barriers, cultural disconnect, and prohibitive costs have kept these tools out of reach. We're changing that.
What We Built
Econofi Calculator is a free mobile app that speaks your language. Literally. Voice-enabled budgeting in English and Spanish. AI coaching ("Fin") that understands gig work, remittances, and supporting multiple households. Tools designed for real financial realities, not just W-2 employees with predictable paychecks. No financial jargon. No English-only interfaces. No $100/month subscription fees. Banking-grade security (SOC 2 Type II, PCI DSS compliance) that protects the communities who've been exploited by predatory alternatives.
Econofi Agents (white-label institutional platform) enables 148 Minority Depository Institutions managing $320 billion in assets to offer their customers the same technology that "big banks" provide, at 90% lower cost than custom development.
How It Works
We're not a bank. We're infrastructure.
For Individuals: Download the free Econofi Calculator app on iOS or Android. Create a budget using one of seven life-stage templates (Student, Professional, Family, Homeowner, Retiree, Wealth Builder, Hustle Earner). Use voice commands to track expenses, get AI coaching, and manage your money in the language you speak.
For Community Banks: We provide white-label technology that lets Minority Depository Institutions and credit unions compete digitally with megabanks. Same features. Same security. 90% lower costs. Your brand, your customers, our infrastructure.
Meet the Team
Demetra Crowder Allen, Co-Founder & CEO Demetra spent years in Northwestern University's technology transfer program watching well-funded startups get world-class resources while communities 10 minutes away couldn't access basic financial planning tools. She founded Econofi to close that gap, not with charity, but with the same banking-grade technology that private banks charge their clients. Her background in commercializing university innovations taught her how to build infrastructure that scales without losing sight of the mission.
Bill Allen, Co-Founder & CTO Bill has spent decades building financial technology for banks and exchanges. The same systems that process trillions of dollars for LaSalle Street, Wall Street, and London institutions. He saw firsthand how accessible these tools could be if anyone cared to make them available beyond wealthy clients. At Econofi, he's applying that same technical rigor to serve the 63 million Americans locked out of modern financial planning. Production-ready infrastructure isn't just for large financial institutions anymore.
Muziwami Mtetwa, Chief Risk Officer Muziwami is a software engineer and PhD candidate in Economics studying financial exclusion from both technical and systemic perspectives. He ensures Econofi's platform meets banking-grade security standards while remaining accessible to communities historically targeted by predatory financial services. His research focuses on how technology can reduce rather than amplify existing inequities in financial systems.
