Earnr provides an investment platform specializing in short-term, fixed-income products secured by assets like mortgages and cash. The platform offers monthly interest payouts and allows individuals, businesses, and self-managed funds to invest in these products with terms ranging from three to twelve months.
Funding
Funding not disclosed
Founders
Product
Problem
Many individuals, businesses, and self-managed funds lack access to high-yield, short-term fixed income products typically reserved for ultra-high-net-worth individuals and large wholesale groups. Traditional savings accounts and term deposits often offer lower returns, failing to maximize the potential of idle cash. Navigating complex financial markets to find secure, higher-yielding alternatives can be challenging and time-consuming.
Solution
Earnr provides a platform that democratizes access to wholesale returns through short-term, fixed-income investments secured by assets like mortgages and cash. The platform offers a range of investment terms, typically from three to twelve months, catering to various financial goals and timelines. Investors benefit from monthly interest payouts, enhancing cash flow and compounding returns. Earnr focuses on shorter-term mortgages over-secured by Australian property, enabling careful risk management and higher returns for its members. The platform is regulated by ASIC, with assets held on trust by Sandhurst, a subsidiary of Bendigo and Adelaide Bank, providing an additional layer of security.
Target Audience
Earnr primarily targets individuals, businesses, self-managed super funds (SMSFs), and trusts seeking higher returns on short-term investments compared to traditional savings accounts, with a minimum investment amount of $5,000.
Features
- Investments secured by a combination of cash and Australian property mortgages, with a security coverage ratio typically between 1.90x and 2.00x member funds.
- Flexible investment terms of 3, 6, and 12 months to align with different savings goals.
- Monthly interest payments to a linked bank account, improving cash flow.
- No entry fees or account fees, ensuring transparency and maximizing returns.
- Online account opening in minutes for individuals, joint accounts, businesses, SMSFs, and trusts.
- Mobile app for 24/7 account management and monitoring.
- Automatic reinvestment option at maturity, unless a withdrawal request is submitted before the notice date.