Lightyear
About Lightyear
Lightyear is an investment platform that provides commission-free access to a diverse range of global assets, including stocks and ETFs, while offering a high-yield savings account with an annual percentage yield of 3.22%. It eliminates unnecessary fees and barriers, enabling users to invest and earn interest on their cash without minimum or maximum limits.
<problem> Many investment platforms charge commission fees and foreign exchange fees, creating barriers for individuals looking to invest in global assets and earn interest on their cash. These fees can reduce potential returns and make it difficult for investors to access diverse investment opportunities. </problem> <solution> Lightyear is an investment platform that provides commission-free access to over 3,000 global stocks and ETFs, allowing users to invest without execution or custody fees. The platform offers high-yield savings accounts with interest paid in EUR, GBP and USD, benchmarked against the European Central Bank. Lightyear eliminates minimum or maximum limits on savings accounts and provides easy access to funds, enabling users to invest and earn interest on their cash without unnecessary fees. The platform also offers multi-currency accounts, allowing users to hold money in different currencies and invest in assets priced in those currencies, with transparent foreign exchange fees. </solution> <features> - Commission-free trading of over 3,000 US and European stocks and ETFs - High-yield savings accounts with no minimum or maximum limits - Interest rates of 2.00% APY on EUR and 3.00% APY on USD and GBP for uninvested cash - Savings accounts that invest in BlackRock money market funds - Multi-currency accounts to hold and invest in different currencies - Transparent foreign exchange fees, with a flat 0.35% fee on conversions exceeding £3,000 per month - Access to US stocks across the NYSE and Nasdaq - Access to EU stocks trading on the Euronext and Deutsche Börse - Access to UK stocks trading on the London Stock Exchange - Access to Baltic stocks and bonds - Money Market Funds are low risk, highly liquid and AAA-rated investments that pay interest </features> <target_audience> Lightyear targets individuals in Europe looking for commission-free access to global investment opportunities, including stocks, ETFs, and high-yield savings accounts. </target_audience> <revenue_model> Lightyear generates revenue through foreign exchange fees, charging a flat 0.35% on currency conversions exceeding £3,000 per month, and from interest payments. </revenue_model>
What does Lightyear do?
Lightyear is an investment platform that provides commission-free access to a diverse range of global assets, including stocks and ETFs, while offering a high-yield savings account with an annual percentage yield of 3.22%. It eliminates unnecessary fees and barriers, enabling users to invest and earn interest on their cash without minimum or maximum limits.
Where is Lightyear located?
Lightyear is based in London, United Kingdom.
When was Lightyear founded?
Lightyear was founded in 2020.
How much funding has Lightyear raised?
Lightyear has raised 25000000.
- Location
- London, United Kingdom
- Founded
- 2020
- Funding
- 25000000
- Employees
- 72 employees
- Major Investors
- Lightspeed Venture Partners