Finch, a U.S.-based fintech startup that integrates the benefits of investing and the flexibility of checking into a seamless all-in-one account, announced on Tuesday it has launched its all-in-one checking and investing platform. The company reportedly it is backed by investors in fintech and global banking and it is designed to help Americans “unlock” the benefits of investing, and develop healthy financial habits.
“Finch is the ideal solution for people who leave too much money sitting idle in their checking account, earning no returns. Finch tailor recommends a portfolio mix that matches your unique profile, enabling you to earn market returns. Your returns are posted in real-time, and you can access your balance instantly, just like a checking account.”
Fintech’s portfolios are the following:
- The Stable portfolio consists of cash and a mix of ETFs that invest in short-term government and corporate bonds. The goal of this portfolio is to allow you to dip your toes into investing while aiming to preserve your capital.
- The Growth portfolio consists of cash and a mix of ETFs that invest in US large stocks and bonds.
While sharing details about the platform, Neel Ganu, Founder of Finch, added:
“We knew that to help the millions of underserved Americans kick-start their journey towards building a healthy and happy financial future, we needed to create a solution that would help customers unlock the benefits of investing without having to significantly change their behavior. The approach and entire experience needed to be as frictionless as possible, and the platform itself unique in value yet familiar.”