Browsing: Christo Davel

22seven founder calls it quits

Christo Davel, the founder of the personal finance management website 22seven, acquired by Old Mutual in 2013, has resigned. In a note to customers on Wednesday, Davel said he, co-founder Kenny Inggs

22seven ditches subscription fee

Personal financial management service 22seven is ditching its monthly subscription fee. Effective 1 September, the company, which was acquired by Old Mutual in January 2013, is offering its services completely free of charge

22seven chops price, adds features

Personal financial management service 22seven has cut its monthly subscription fee by more than half, from R60/month to just R25, while adding the ability to track investments, loans, unit trusts and other financial information. Some might see the price cut as a sign of trouble, but the

Old Mutual buys 22seven [updated]

Financial services giant Old Mutual has acquired personal financial management start-up 22seven as part of a strategy of what it calls “developing digital support for its customers”. The value of the deal has not been disclosed. 22seven exited its beta phase last May and began

New row brewing over PFM sites?

A fresh row may be brewing over banking clients sharing their Internet banking details with online personal financial management (PFM) sites after Nedbank on Thursday announced it was launching its own PFM product in which it will allow

Editor's pick
22seven: all grown up

22seven is no longer in beta. It will offer users a 30-day free trial, after which the service will cost R70/month. There is no contractual commitment and users can opt out at any time. CEO Christo Davel says mobile applications are inevitable, but won’t commit to a timeline for their launch

22seven hires tech journalist Simon Dingle

SA technology journalist Simon Dingle has been hired by Cape Town-based personal financial management start-up 22seven to head its product strategy and design team. Launched in January, 22seven is headed up by Christo Davel, the former CEO of now-defunct online bank 20twenty. Dingle will continue to write for Finweek magazine

Alistair Fairweather
Irrational behaviour

“You’re being irrational.” No one likes to hear those words. They are the verbal equivalent of a pat on the head. But, like it or not, we are fundamentally irrational beings. And the area in which we should be the most clear-headed, our personal finances, is usually

It’s Absa vs 22seven as war of words erupts

Online personal financial management start-up 22seven on Wednesday accused Absa of blocking its US technology partner Yodlee from accessing users’ Internet bank accounts. Absa confirms it has blocked the service and on Wednesday defended its decision in an interview with TechCentral. 22seven has provoked

Duncan McLeod
The problem with 22seven

Christo Davel, former head of now-defunct online bank 20twenty, sparked intense debate and provoked security warnings from local banks last week when he took the wraps off his new venture, personal financial management website 22seven. The start-up got itself noticed. But is the service safe to use?

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