Fintech companies are now encouraging more and more participation in budgeting, financial literacy and investing than ever before. The new technology available to consumers is bringing innovation and new solutions to the financial world. Vancouver-based fintech company Voleo is looking to combine the revolutionary accessibility of a fintech app and the spirit of social sharing. Voleo is a social trading app that allows users the ability to create an easy and fun investment club. From mobile devices and desktops, Voleo enables users to do the following:
- Recommend, debate and vote on trades in publicly listed stocks and ETFs.
- Share the cost of a single trade within one’s club.
- Group members benefit from a collective intelligence.
Investment clubs are a great way for novices to enter the financial market and Voleo offers a convenient and safe platform where clubs can digitally convene. Recently, Voleo announced the launch of its Android app through its U.S. subsidiary, Voleo USA, available soon on the Google Play Store ( Voleo’s iOS app is currently available on iTunes).
Besides the benefits of accessibility and ease-of-use, Voleo brings a competitive aspect to the group investment platform with the insights available to users. Each investor can track hypothetical positions and use that as evidence to prove to club members that their position or trade was the better option. Club members can also track top team performers, follow insights from other clubs, receive relevant trading news and view overall results of the team right from their mobile phone, tablet or desktop.
In early March, Voleo announced that its registration was complete in every US state, and investment clubs across America could now get their hands on the disruptive app.
"Voleo is now positioned to enable the next generation of Americans to start investing, together," CEO Thomas Beattie said in a company press release. "Thanks to smartphones, social cohorts are interacting in real-time across all aspects of their lives. These friends, family members and colleagues can now realize tangible benefits and share their insights to do better together in an area that will make a direct impact on their future."
With regulation complete, Voleo’s group investment technology can now begin to grow and reach investors who find that existing platforms don’t cater to their needs. The company is looking to form a new generation of investors who are informed, connected and, most importantly, enjoy trading. Voleo’s app and its comfortable interface are designed to remove the intimating stigma from trading and make it accessible to everyone.
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