In the book “Only the Paranoid Survive”, semiconductor industry legend and Intel’s owner, Andrew S. Grove offers an in-depth ideabout Strategic Inflection Point (SIP). Describing it as a critical transformation in an industry, Andrew justifies how an SIP influences a company and forces it to change itself in conditions of process, systems, companies at times, personality. The field of funding, even though remaining same in its motive of saving and finding 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 investments and managing expenses, courtesy the evolution because of ideal inflection point theory. The next chapter of funds has already been brought in via mobile applications that permit easy investments. Having an insight of these fintech investment applications, we explore five of the world’s most promising investment oriented fin tech startup companies, which are exclusively mobile based. new fintech website
1. Inuit Mint: Mint is a private savings cum investment advising app, designed in a fairly easy gain access to interface. It keeps a record of your income, savings, opportunities and based on these creates a budget and recommends custom spending. With Mint, you don’t need to worry to check your account statements or check on any expenses that are pending. Further more, you can find ways to keep your credit standing up and consistent. That one touch financial manager simplifies your expenses to your earnings to make you reach your financial goals in a reasonable amount of time.
installment repayments on your Stash: Taking investment threshold to something as small as $5, Stash creates a different niche for potential buyers. Stash is a starter level investment platform that promotes around 30 different investment opportunities from which one can chose as per his preference and goals. These investment options are curated through strong technical and market performance reports. Further, when you start investing via Put, it provides you custom advice and investment opportunities to make you get better returns. How does indeed Stash manage to start out investment with something as little as 5$? Well, these little sums are being used to subscribe to people investments in fractions.
3. Learn and Invest by Rubicoin: “Learning by Doing”, when you surf the website of Rubicoin, you find their motive at the very sight. They will may have come away with two apps: Master and Invest, whose ultimate aim are crystal clear in their name itself. Via Learn, you get access to some valuable micro lessons over making an investment, which are posted in layman language and can be easily understood by all. It aims to create understanding over making an investment needs and usher self-confidence into you while committing. Updated and enriched all the time, Learn provides usage of video, text and even music lessons over investing. Adding to that is the blog distributed by CFO Invest, one the other side of the coin hand, is a stock investment user interface software that helps in creating and managing a great investment portfolio. That has partnered with an of best online brokerages and Presently available only for iOS users, Learn and Commit by Rubicoin are expected going to the Play Shop late in 2016.
4. Acorns: By far, one of the most progressive idea to automate your savings and manage your change is Acorn. Acorn is a start-up about Micro Investing. This notion of micro investing is not related to startups, but for small amount of money that will be put in. In order to use Acorn, you have to first hook up your medical data and cards to this app. Then, whenever you make a purchase via those accounts, and the spare change you get in those spendings is invested.
5. FinoZen: FinoZen believes in an idea of investing in temporary liquid mutual funds than keeping your money in lower interest reaping cost savings account. An Indian start-up, Finozen has attracted a lot of interns and young employed who want ease of having cash at disposal without trading off the benefit for higher returns on their purchases. This Android fintech software can provide for as low as $2 and reaps up around 7-8%. FinoZen facilitates everyday updation of the investment results and easy transactions from your savings account to your FinoZen account and vice versa. It truly is interesting how the financial guidance and investment scenario has become incredible to suit advising for each and every purse and purpose.