Our Founding Team
Copyright © 2016 Spendolater
What does the process look like?
With every card transaction by a user, we calculate an agreed amount to be automatically transferred scaled between 20% and 2%, depending on the amount, from the current account at any bank to their investment account at the partner bank and invested into an appropriate selection of low cost mutual funds
What level of integration is required?
The app does not need to be integrated into the partner bank's core banking system and will just need an interface to transfer funds into a predetermined selection of mutual funds
Will this be regulated as an investment advisory service?
As a licensed, white label product, we are operating under the local bank partner’s overall regulatory umbrella. We would consult with the bank on specific local licensing issues regarding what constitutes "advisory services". The base product offering will consist of 4 - 5 funds of passive index funds ranked by risk appetite for the user to select from. Subject to limits based on their self-reported risk appetite profiles, we let them decide which fund(s) to go for themselves.
How do you get customer data?
Spendolater uses a highly secure service provider that, with full customer permission, liaises with banks to consolidate that customer's data through direct feeds, APIs or web scraping.
Make a transaction on any card and in any bank
2%-20% of this figure is moved from your current account to your investment account
The money is transferred into appropriate, low-cost Mutual Funds
You get closer to your goals and dreams
We’re part of
PL +48 666 267 738
NL +31 6 26 95 47 50
B.Amsterdam, Johan Huizingalaan 763A, 1066 VH Amsterdam, Netherlands