Wombat is a fractional investment platform that enables users to invest in familiar brands through curated thematic portfolios, allowing for investments starting at just £10. This approach addresses the challenge of accessibility in investing by providing low-cost, commission-free options and educational resources to empower users in making informed financial decisions.
Funding
Funding not disclosed
Founders
Product
Problem
Many individuals find investing inaccessible due to high costs, complex jargon, and the need for substantial initial capital. Traditional investment platforms often lack the educational resources and user-friendly tools necessary for beginners to make informed decisions and confidently navigate the financial markets.
Solution
NuWealth is a mobile-first investment platform designed to simplify investing and make it accessible to everyone, regardless of their prior experience or financial background. The platform offers a range of investment options, including fractional shares in UK, EU, and US stocks, as well as a selection of curated thematic Exchange-Traded Funds (ETFs), allowing users to invest in familiar brands and sectors with as little as £10. NuWealth provides educational resources, such as articles, courses, and FAQs, to empower users to make informed investment decisions. With features like Auto Invest and Round Ups, NuWealth facilitates effortless, hands-off investing, while instant deposits enable users to quickly capitalize on market opportunities.
Target Audience
NuWealth primarily targets beginner and novice investors, as well as individuals seeking a user-friendly, low-cost platform for investing in fractional shares and thematic ETFs.
Features
- Fractional shares: Invest in UK, EU, and US stocks with investments starting from £10
- Themed ETFs: Access over 30 curated thematic ETFs, enabling investment in diverse sectors and interests
- Auto Invest: Automate investments by setting up fixed monthly contributions to specific stocks or ETFs
- Round Ups: Accumulate investments by rounding up everyday purchases and investing the spare change
- Instant Deposits: Quickly add funds to investment accounts to take advantage of timely investment opportunities
- Educational Resources: Access a comprehensive library of articles, investing courses, and FAQs to enhance financial literacy
- Savings Accounts: High-interest easy access savings accounts with rates that track the Bank of England base rate
- General Investment Account (GIA): A flexible account for investing without annual contribution limits
- Stocks & Shares ISA: Invest up to £20,000 per year with tax-free gains
- Junior Stocks & Shares ISA (JISA): Save up to £9,000 per year tax-free for children