Home » PowerTalk Show »
Redefining WealthTech with Karim Chouman, Founder of MYNE
In this episode of The PowerTalk Show, we’re joined by Karim Chouman, the Founder of MYNE—a next-generation WealthTech platform that’s transforming the way people view, manage, and protect their finances. In a digital world where financial data is scattered across platforms—bank accounts, investments, crypto wallets, real estate holdings, and even luxury assets—MYNE brings everything under one roof, helping users track their net worth in real-time, manage budgets efficiently, and even secure their financial legacy.
Key Takeaways
- ✓ MYNE was born from two moments: Karim and a friend couldn't easily calculate their own net worth, and a friend's widow struggled to piece together his finances after he passed away.
- ✓ MYNE lets users connect bank accounts, stock and crypto exchanges, and non-banking assets like property and watches into one real-time net worth view.
- ✓ The app has three verticals: net worth tracking, live budgeting, and digital estate planning.
- ✓ MYNE is a read-only visualization tool; it cannot execute trades or transactions on a user's behalf.
- ✓ MYNE was the first to integrate local UAE brokers and exchanges Sarwa and Baraka.
- ✓ The estate planning vertical connects users directly with licensed wealth planners to build wills and power of attorney documents.
- ✓ MYNE launched about one to two months before this conversation and already had 450-500 users.
- ✓ Karim's target customer is someone actively building wealth, roughly $150,000 to $5-6 million in assets, not just the ultra-wealthy.
- ✓ The biggest challenge scaling MYNE as a B2C app is customer acquisition cost, addressed through influencer and ecosystem partnerships.
- ✓ Karim raised around $2 million after roughly 100 investor rejections.
But MYNE is more than just an app—it’s a movement to democratize access to high-quality financial management tools that were once reserved for ultra-high-net-worth individuals.
From a Simple Question to a Powerful Vision
The inspiration behind MYNE stemmed from a surprisingly simple, yet universally relevant question:
“What is your net worth?”
As Karim explains, the lack of a single platform to view and manage one’s entire wealth ecosystem—across cash, investments, real estate, crypto, and personal assets—sparked the idea for MYNE.
But it wasn’t just market opportunity—it was also personal loss.
Karim shares a heartfelt story of a close friend who passed away, leaving behind a scattered web of financial data, highlighting the urgent need for digitized estate and legacy planning.
“Most people don’t realize how unstructured their financial information is—until it’s too late. MYNE bridges that gap.”
MYNE is designed around three powerful pillars:
- Track – Real-time visibility of your complete financial ecosystem through bank, investment, crypto, and asset integration.
- Manage – Live budgeting tools that help users monitor cash flow, categorize spending, and understand their financial behaviors.
- Protect – A digital legacy planning framework that ensures financial continuity for families and future generations.
Users can connect everything from bank accounts and credit cards to brokerages, crypto wallets, and even personal assets like cars and watches. Through AI-powered dashboards, MYNE provides a single source of truth for net worth, income tracking, and financial planning.
A WealthTech Platform, Not a Transaction Platform
Karim is quick to clarify: MYNE is not a platform for trading or investing—it’s a platform for financial visibility and organization. It enables users to make informed decisions without managing transactions, keeping everything read-only and securely integrated.
“We’re not telling you where to invest—we’re helping you see the bigger picture so you can decide better.”
Who is MYNE Built For?
MYNE is designed for everyday professionals, entrepreneurs, freelancers, and families who want a clearer understanding of their finances. While traditional wealth management tools focus on high-net-worth individuals, MYNE brings premium financial insights to the mass market.
“We’re democratizing wealth management—making it accessible, intuitive, and empowering for everyone.”
In This Episode
00:32
What Is MYNE and the Story Behind It
03:44
How Live Budgeting Works
07:15
How MYNE Is Different From Other Wealth Platforms
08:59
Where AI Is Headed in FinTech
12:14
Data Security and Privacy
14:00
Who MYNE Is Really Built For
17:00
The Real Challenge of Scaling a B2C App
22:00
Biggest Financial Planning Mistakes and Startup Advice
“You cannot manage what you don't measure.”
— Karim Chouman, Founder, MYNE
“Plan properly as if tomorrow is not guaranteed.”
— Karim Chouman, Founder, MYNE
“Be patient and persevere until you get to yes.”
— Karim Chouman, Founder, MYNE
About the Guest
Karim Chouman
Founder, MYNE
Karim Chouman is founder of MYNE, a wealth-tracking, budgeting and estate-planning app launching first in the UAE. The idea came from two moments: struggling with a friend to even calculate their own net worth across scattered accounts, and watching a friend's widow struggle to piece together his finances after he passed away in an accident. MYNE lets users connect bank accounts, stock and crypto exchanges, and physical assets into one real-time view, and Karim raised around $2 million from investors after roughly 100 rejections.
Frequently Asked Questions
What is MYNE?
MYNE is a wealth-tracking app founded by Karim Chouman that connects a user's bank accounts, stock and crypto exchanges, and physical assets like property and watches into one real-time net worth view, alongside live budgeting and digital estate planning.
Can users buy or sell assets directly through MYNE?
No — MYNE is a read-only visualization tool that connects with regulated open banking and open finance providers to display balances and positions. It does not execute trades or transactions on the user's behalf.
What security measures does MYNE use to protect financial data?
MYNE works only with regulated, bank-level-security open banking providers for read-only data access, encrypts data in transit, uses two-factor authentication, and is built on infrastructure like AWS with ISO-certified security standards, with plans for customer-held encryption keys at a later stage.
What is Karim Chouman's advice for founders facing rejection?
Be patient and persevere — he heard roughly 100 "no"s from investors before raising around $2 million, and stresses that if you believe in the problem you're solving, you keep pushing until you find the right partners who say yes.
The Host
Navin Shetty didn't set out to build a media company
After a decade advising founders on go-to-market strategy across Dubai, Riyadh and Mumbai, Navin kept noticing the same gap: the most useful conversations he had happened off the record, over coffee, after the panel ended. The PowerTalk Show is that off-the-record conversation, recorded on purpose.
He hosts every episode himself — no rotating co-hosts, no outsourced pre-interviews. Guests get one rule going in: nothing is off-limits except numbers they’re legally required to keep private.
Under Business Talks Weekly, the show now anchors a small editorial operation producing written deep-dives, sponsor features and syndicated audio distributed across six platforms.
Work with the show
Reach a focused B2B audience across the UAE, Middle-East, and Global— or join the conversation as a guest.
Watch More Conversations Here
Explore insightful discussions and stories.
BROWSE BY TOPIC
Every conversation, organized by what matters to you
107 interviews with the founders, operators and investors shaping the UAE — grouped by the topics our listeners search for most.
AI & Tech Founders
Builders shipping the tools reshaping how business gets done — and the infrastructure behind them.
FinTech & Wealth
Banking, payments & wealth strategy — how capital actually moves across the GCC and beyond.
Leadership & Scaling
Culture, hiring and the operating lessons behind teams that scale without breaking.
Sales, Marketing & Growth
Go-to-market playbooks, growth tactics and the campaigns actually moving revenue.