Top 5 App-Based Fintech Startups for Young Investors
Website design By BotEap.comIn his book “Only the paranoid surviveAndrew S. Grove, legend of the semiconductor industry and founder of Intel, offers insight into the Strategic Inflection Point (SIP). Describing it as a critical transformation in an industry, Andrew justifies how a SIP affects a business and forces it to change. same in terms of process, systems, products and sometimes identity. The field of finance, while still the same in its motive to save and find better ways to invest money, has come a long way from banks to mutual funds, stocks, and bonds. No longer a rocket science, finance has been taken to new dimensions of investment and expense management courtesy of evolution due to strategic tipping point theory. The next chapter of finance has already started through mobile applications that allow easy investments. With an overview of these fintech investing apps, we explore five of the world’s most promising investment-oriented fintech startups that are exclusively mobile-based.
Website design By BotEap.com1. inuit mint: Mint is a personal banking and investment advisory application, designed in an easy-to-access interface. It keeps track of your income, savings, investments and, based on these, creates a budget and recommends personalized expenses. With Mint, you don’t need to worry about checking your account statements or verifying invoices that are pending. Also, you can find ways to keep your credit score high and consistent. This one-touch financial manager automates your expenses to your income so you reach your financial goals in a reasonable amount of time.
Website design By BotEap.com2. Booking: By bringing the investment threshold down to something as small as $5, Stash creates a different niche for potential investors. Stash is an entry-level investment platform that promotes around 30 different investment opportunities that one can think of based on their preferences and goals. These investment options are selected through extensive market performance and technical reporting. Plus, when you start investing through Stash, it provides you with personalized recommendations and investment opportunities to help you earn better returns. How does Stash manage to start investing with something as low as $5? Well, these small amounts are used to underwrite those investments in fractions.
Website design By BotEap.com3. Learn and Invest for Rubicoin: “Learning by Doing”, when you browse the Rubicoin website, you find their motivation at a glance. They have launched two apps: Learn and Invest, whose ultimate goal is very clear in their own name. Through Learn, you get access to some valuable micro-lessons on investing, which are published in plain language and are easy for everyone to understand. Their goal is to build understanding of investment needs and to build confidence in you as you invest. Updated and enriched all the time, Learn provides access to video, text, and even audio lessons on investing. Also, the blog shared by CFO Invest, on the other hand, is a stock investing interface app that helps create and manage an investment portfolio. Partnered with some of the best online brokerages and currently only available for iOS users, Learn and Invest by Rubicoin is expected to hit the Play Store in late 2016.
Website design By BotEap.com4. acorns: By far, one of the most innovative ideas to automate your savings and take care of your change is Bellota. Acorn is a micro-investing start-up. This micro investment idea is not related to startups, but to the small amount of money that is being invested. To use Acorn, you must first connect all of your accounts and cards to this app. Then every time you make a purchase through those accounts, and the spare change you get is invested in those spending.
Website design By BotEap.com5. finezen: FinoZen believes in the philosophy of investing in short-term, liquid mutual funds rather than keeping your money in a lower-interest savings account. Finozen, an Indian startup, has attracted many interns and young employees who are looking for the ease of funding without sacrificing the benefit of higher investment returns. This fintech Android app can be used for as low as $2 and gets around 7-8%. FinoZen makes it easy to update your investment returns on a daily basis and easy transactions from your savings account to your FinoZen account and vice versa. It is interesting how the investment and financial advice scene has evolved to adapt advice for every pocket and purpose.
Website design By BotEap.comThe five mobile apps mentioned above have ushered in the era of digital investments, adding mobility, convenience, and always-on customer support at next to zero price. Yes, it would be worth seeing how promising they are for their clients and whether they could eventually replicate the human comfort factor in the world of finance.