Envel’s principle is employing an Envelope system enabling users to organize their money into multiple FDIC insured accounts called Envelopes all tied to one debit card. Using patent pending automated technology that allows users to split deposits into multiple accounts to make budgeting effortless, their mission is to provide a frictionless playground for users save money and build wealth autonomously. With a focus on providing excellent user experience, Envel’s platform allows users to onboard, order a card, and deposit funds within minutes. The app is designed to be fun, simple, and user-friendly, a stark contrast to traditional banking. Envel aims to gamify financial management in order to attract and engage a younger generation of consumers.