Peaks, an Amsterdam-based micro-investing app, announced earlier this week that is has expanded its service to Spain and France. The company noted it will now be available in four European countries. Founded in 2016, Peaks claims its mobile app is the “easiest” way to set money aside and start investing.
“At Peaks you can invest as little as €1. And to make setting money aside as easy and effortless as possible, you can even invest the spare change from your bank transactions. So if you buy groceries for €9.20, you automatically set aside €0.80, which we deposit into your investment account. In time, these small and regular amounts build into a sizeable investment. Giving you the opportunity to attain financial independence while barely lifting a finger.”
While sharing more details about the expansion, Tom Arends, the CEO of Peaks, stated:
“Our goal is to make investing as simple as possible, so that it is accessible to everyone”. Peaks allows you to easily set aside small amounts – such as your spare change – on a regular basis and invest them in a globally diversified portfolio of socially responsible index funds.”
The expansion comes just a little over a year after Peaks was granted a PSD2 license in the Netherlands. The license allows consumers and business to give third parties access to the transaction data in their payment account.