The short answer
mooola is intentionally a read-and-organise tool for statement history. Vault22, formerly 22seven, is a broader connected platform spanning transaction tracking, budgets, goals, saving, investing, and financial guidance.
| Question | mooola | Vault22 |
|---|---|---|
| Primary job | Understand spending from supported statements | Track connected money and support broader wealth goals |
| How transactions enter | Selected original bank-statement files | Read-only linked bank accounts and cards |
| Automatic updates | No | Yes, for supported connections |
| Budgeting and goals | No forward-looking budget | Budgets, limits, alerts, and goals |
| Saving and investing | No | Saving and investment products form part of the wider service |
| Data location | Local app database; no mooola financial cloud sync | Vault22 service, connected-account infrastructure, and providers |
| Can it move money? | No | Tracking connections are described as read-only; separate financial products have their own workflows |
Choose mooola when data minimisation comes first
mooola avoids the ongoing data relationship required for automatic aggregation. You export a supported statement, select it in the app, and refresh the history only when you choose to import again.
- No financial-account connection or banking credentials requested.
- Supported statement parsing and imported records remain on the device.
- Bank-specific support for selected South African PDF layouts and Capitec CSVs.
- Transactions, categories, accounts, recurring payments, subscriptions, and monthly views without a live feed.
Choose this model only if deliberate statement refreshes are acceptable. mooola will not show a live balance or automatically retrieve a newly posted transaction.
Choose Vault22 for an automatically updated financial picture
Vault22 is the stronger fit when you want connected accounts to produce an ongoing view without exporting statements each time.
- Read-only account and card connections with automatic categorisation.
- Budgets, category limits, alerts, goals, and personalised spending insights.
- Saving and investment offerings beyond expense organisation.
- A broader view of financial progress than mooola's retrospective statement analysis.
Vault22's current tracking page says it never sees or stores banking passwords and cannot move money through its read-only tracking connections. Institution availability and the terms of separate financial products should be checked directly before signing up.
Local imports and connected aggregation require different trust
Vault22's privacy policy says its services may process financial and transactional data, identification information, device data, behavioural information, and information from service providers. It also describes cross-border transfers, automated processing, and third-party AI support for Tara. These disclosures are consistent with a broad connected financial platform.
mooola receives less financial information because its core import workflow remains on the device. Limited network activity, platform backups, optional diagnostics, feedback, and past beta-access information are documented separately in the mooola privacy policy.
The practical choice is between minimising the data flow and receiving greater automation. Encryption and read-only access are important controls, but they do not turn a connected cloud workflow into local-only storage.
Moving to mooola starts again from the bank statement
mooola validates selected original bank documents. A transaction export from another finance app is not automatically equivalent to the original bank statement and should not be assumed to work.
- Choose your institution in the mooola bank guides.
- Download the documented original statement format directly from the bank.
- Import it into mooola and compare the result with the source statement.
- Keep Vault22 until you have decided which historical and ongoing features you still need.
If automatic balances, budgets, saving products, or investments remain important, mooola may be a supplementary privacy-first spending view rather than a complete replacement.
Frequently asked questions
Is mooola a Vault22 alternative?
mooola is a Vault22 alternative for people who want to organise supported South African bank statements without connecting financial accounts. It is not a replacement for Vault22 automatic updates, budgets, goals, saving or investment products, or its broader wealth platform.
Does mooola connect to my bank?
No. mooola imports selected statement files chosen by the user. Vault22 is designed around read-only connected accounts and automatic transaction categorisation.
Can mooola move money or make investments?
No. mooola cannot make payments, transfer money, hold assets, recommend investments, or execute investment transactions.
Which app keeps transaction data on the device?
mooola stores supported imported financial records in its local app database and does not operate financial cloud sync. Vault22 processes connected financial and transactional data through its service and providers.
Sources and update policy
Vault22 information was checked on 13 August 2026 using its product overview, tracking product page, and privacy policy. mooola facts are documented in its product summary and privacy policy.
Features, providers, eligibility, and supported institutions can change. Report a factual correction to contact@mooola.co.za with a first-party source.
