Over the last few months, we’ve had an awesome time working with one the hottest UK startups, Munnypot, launching the business to the UK fin-tech and investment scene.
Munnypot is an online financial advice service on a mission to make financial advice affordable and accessible for everyone so that they take the right decisions, and get their money working harder. Right now, 16 million people in the UK are trapped in a financial advice gap, locked out of a system they see as confusing and unaffordable.
Munnypot is the first true robo-advice service. Anyone can use Munnypot to get straightforward financial advice in a language they can understand, and at a fraction of the cost of a financial adviser or wealth manager. Munnypot combines the latest technology, with human expertise to learn about your financial situation, set financial goals, invest your money in right place, and keep you posted on performance.
Through a series of launch and partner announcements, combined with digital marketing, we’ve been making a splash in both the financial advice and fintech press, including FT Adviser, Finextra and Marketing Week. It was also recently named one of the top robo-advisers to watch in 2017 by Alt Fi.
Simon Redgrove, co-founder of Munnypot, comments on the company’s launch: “The UK’s current system of financial advice is profoundly unfair and must change. Millions are bamboozled by the variety and complexity of financial products on the market. The financial service industry profits from this, charging sky-high fees for advice, whilst often failing to outperform the market. We’re on a mission to make financial advice affordable and accessible to all, so that their money works harder for them. The Munnypot product is like nothing else on the market – we can’t wait to hand it over to UK consumers.”