22seven announced today (28 August 2013) that it has cut its monthly price from R60 to R25 and redesigned its site and apps.
Loans and investments from institutions such as Allan Gray, Coronation, and Investec can now be added alongside bank, card, and store accounts, 22seven said in a Facebook post.
This latest announcement follows the acquisition of 22seven by Old Mutual and the launch of its iPhone app earlier this year (2013).
22seven made headlines when it launched after banks warned users against using the personal financial management service due to the fact that it requires your full Internet banking login details to link your accounts.
Absa even blocked 22seven from accessing the details of account holders that had granted 22seven access to their accounts.
At launch, 22seven explained that it handles security by not storing its user’s credentials – instead using Yodlee, a well-established third-party aggregation service.