Kaspar offers a digital savings and investment platform that lets users set personalized financial goals and automate contributions through flexible deposits, spare‑change rounding, and regular savings plans. The service uses low‑cost ETFs and index funds to build diversified portfolios, allowing allocations up to 100% equities based on each goal’s risk profile. Users manage everything via a mobile app, with optional budgeting tools and educational resources to support informed investing.
Funding
$2.8M 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.
AFounders
Product
Problem
Many individuals find it challenging to manage their finances effectively, lacking the tools and knowledge to invest and save properly. Traditional investment options often require significant capital and financial expertise, making them inaccessible to the average person. This can lead to missed opportunities for wealth building and financial security.
Solution
Kaspar& offers a digital investment platform designed to simplify wealth accumulation through automated savings and investment strategies. The platform enables users to invest spare change from everyday purchases and set personalized financial goals, all within a user-friendly mobile application. By providing access to low-cost, diversified ETF and index fund investment plans, Kaspar& empowers users to effortlessly grow their wealth while maintaining control over their expenses. The platform also offers budgeting tools to help users manage their spending and allocate funds for various financial needs, such as bills, taxes, and subscriptions.
Target Audience
Kaspar& primarily targets individuals who are new to investing or seeking a simplified, automated approach to managing their finances and building wealth.
Features
- Automated investment of spare change rounded up from card payments.
- Goal-based savings plans tailored to individual financial objectives (e.g., travel, homeownership, retirement).
- Budgeting tools for expense tracking and allocation.
- Access to diversified, low-cost ETF and index fund portfolios.
- Multiple funding options, including spare change, one-time deposits, and recurring transfers.
- Customizable investment strategies based on risk tolerance and financial goals.
- A free bank account and a Mastercard for fee-free payments worldwide.
- CO2 tracker that calculates the carbon footprint of each payment.
- Financial education resources, including a crash course, market reports, and webinars.