Freenance
Warsaw personal finance app that imports transactions and shows years of financial runway
Key data
| Company | Rafał Bajda (sole trader, trading as Freenance) |
|---|---|
| Category | Investment Portfolio Trackers |
| Headquarters | Warsaw, Poland |
| Founded | Not stated |
| EU Presence | Yes - Poland (EU) |
| Data Location | EU (page: data stored in the EU on AES-256 encrypted disks) |
| Open Source | No |
| GDPR Compliant | Yes |
| Self-Hosting | No |
| Main Features | Transaction import via Synci.io and PSD2, MT940/CSV import, net worth, asset and portfolio management, financial freedom runway, AI assistant Axe |
| Pricing | 14-day free trial, no credit card; paid prices are in Polish złoty including VAT and were not read |
| Best For | Users in Poland and nearby who want net worth, spending and a years-of-runway figure |
| Replaces | Empower (Personal Capital) |
Full review
Freenance is a finance platform operated by Rafał Bajda, Przeworska 9b/62, 04-382 Warsaw. The terms list VAT ID (NIP) 1133016791 and business ID (REGON) 386531184, and Polish law governs the contract.
Freenance shows a financial freedom runway, which estimates how many years someone could live without working.
Import and tracking in Freenance
Freenance imports transactions automatically through Synci.io and PSD2, or from MT940 and CSV files. The terms add Enable Banking Oy of Finland as an account information provider.
Freenance covers earnings and expenses, assets and portfolios, and financial analysis.
Data handling stated by Freenance
Freenance states that data is stored in the EU on AES-256 encrypted disks, with limited access and read-only, logged support views. Exchange API keys are additionally encrypted.
The privacy text names Google Gemini for AI features and notes that some providers may process data outside the EEA.
Freenance compared with Empower
Freenance resembles Empower in combining net worth with a retirement-style question, answered here by the runway figure. Freenance asks for payment after a 14-day trial, where Empower's tools are free.
The provider is a sole trader, not a company.
Known limits
Freenance is run by a sole trader, which suits a small tool but carries less corporate backing than a GmbH or SAS. Paid prices are listed in Polish złoty and were not read here. Some AI processing runs through Google outside the EEA, according to the privacy text. See Portfolio Performance for deeper return maths.
Best suited to users of Freenance
Users in Poland who want transactions, net worth and a runway figure in one paid app with EU storage.
Strengths and weaknesses
Pros
- 14-day free trial without a credit card
- PSD2, MT940 and CSV import
- EU data storage stated
- Runway view for financial independence
- Business IDs published in the terms
Cons
- Paid app after the trial
- Prices in Polish złoty
- Sole trader as provider
- AI features use Google, possibly outside the EEA
Pros and Cons
Pros
- 14-day free trial without a credit card
- PSD2, MT940 and CSV import
- EU data storage stated
- Runway view for financial independence
- Business IDs published in the terms
Cons
- Paid app after the trial
- Prices in Polish złoty
- Sole trader as provider
- AI features use Google, possibly outside the EEA
Alternatives to Freenance
Further European investment portfolio trackers to compare:
See all European investment portfolio trackers or compare them directly against Empower (Personal Capital) on our alternatives page.
Common questions
Freenance is run by Rafał Bajda as a sole trader in Warsaw, Poland, with NIP 1133016791 and REGON 386531184.
Freenance states that data is stored in the EU on AES-256 encrypted disks. Some AI and payment providers may process data outside the EEA.
Through Synci.io and PSD2 import, or by uploading MT940 or CSV files.