Fundvest is a solution for consumers who are looking to grow their wealth. It is a user-friendly savings and investments platform that aims to assist clients with focusing on their long-term financial strategy.
It will provide access to EU and US stock exchanges and maintain transparent pricing, as commission fees will only be linked to customers activity.
The company further claims that there are no hidden fees or any “surprises.”
Fundvest co-founders Rasmus Klaassen, Sander Siim Vaher, Egon Orav, Martins Untals and Ottomar Paeväli reportedly have years of experience in banking and fintech, which they bring to building Fundvest.
In order to release the new app, Fundvest had to acquire additional funding and a brokerage license and presently they’re in the final stages of creating the mobile app.
Rasmus Klaassen, Fundvest CEO, said:
“Europeans lack an investment app, that offers access not only to NYSE but also other EU member states’ stock exchanges. Existing fintech solutions mainly promote day traders like FOMO investing culture. Fundvest tackles this problem by offering access to EU and US stock exchanges with transparent pricing model and an easy-to-use investment app.”
After the platform goes live in three Baltic nations including Estonia, Latvia and Lithuania, Fundvest will continue expanding the investment services across the EU.
While the app isn’t completely ready yet at this point, it’s still possible to sign up for an exclusive waitlist via their official website.
Subscribers will have a chance to download the application and the product itself will be available to the public during Q3 2022.
As noted by its management, Fundvest is a solution for people who want “to increase their wealth.”
To achieve this, the firm will be offering a savings and investments platform in the Baltic countries that will help people focus on their “long-term financial future.”
Fundvest was born in Estonia, but the team continues to work with professionals from all Baltic countries and currently have offices in Tallinn and Vilnius.