Beanstox is an app‑based platform that provides automated, low‑cost investing through diversified ETF portfolios, including IRAs, S&P 500, Bitcoin, Gold, and high‑yield cash accounts. Users can set up recurring deposits and let the service handle account opening, fund allocation, rebalancing, and security with bank‑grade encryption and SIPC protection, making it easy for beginners to build wealth over time.
Funding
$4.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many Americans lack access to simple, low‑cost investment tools and often feel intimidated by complex brokerage platforms, leading to low participation in wealth‑building activities such as retirement saving and diversified investing.
Solution
Beanstox offers an automated, app‑based investing service that lets users open tax‑advantaged IRAs or regular investment accounts with a few taps. Users select a portfolio type—such as a diversified ETF Wealth Builder, a S&P 500 index, Bitcoin or Gold ETFs, or a high‑yield Power Savings account—and set up recurring deposits. The platform handles account opening, fund allocation, and ongoing rebalancing, allowing money to grow without active management. Security is provided through bank‑grade encryption, connections to over 10,000 U.S. banks, and SIPC protection up to $500,000. Beanstox also supplies educational content and market insights to help users understand their investments.
Target Audience
Beanstox targets U.S. individuals who are new to investing or have limited experience, including those seeking simple retirement accounts and everyday savers looking for automated wealth‑building solutions.
Features
- Multiple account options including Traditional and Roth IRAs, Wealth Builder, Stocks 500, Bitcoin ETF, Gold ETF, and Power Savings accounts
- Automated portfolio construction using diversified ETFs across stocks, bonds, commodities, and crypto
- Recurring deposit scheduling and automatic rebalancing for “set‑and‑forget” investing
- Secure data handling with bank‑grade encryption and SIPC protection up to $500,000
- Integrated educational resources and market insights within the app
- Referral incentives that reward users with cash credits for inviting friends