Xponent is the first of its kind investment app, which allows users to link their bank account and earn investment returns on the spare change. Every time a user does a transaction, the amount is rounded up, and the balance is invested into a diversified portfolio. This enables users to start investing in global markets with minimums as small as 1 fil.
The company believes in building a solution that empowers the users to beat the hurdles faced by people interested in investing and becoming financially secure.
Xponent has managed to secure a funding of $1 million to build the solution and is working on bringing relevant parties together to provide a seamless experience for users. The development of the app and solution is currently underway, aiming to go live in UAE in the first quarter of 2022, after receiving the relevant regulatory approvals.
“We were motivated to come up with a solution to make investments affordable to everyone, regardless of their financial situation. We believe that each person has the capability to manage and handle their money better, and by incentivizing people to invest their spare change every time they spend, we are endeavoring to give financial freedom to them. The endgame here is to transfer as much knowledge in this field and help kickstart investments for everybody,” said Soorya Srinivasan, CEO and Co-Founder of Xponent.
“It’s very important to us to be transparent with the users. We want to make sure Xponent stands by its three vital pillars so every segment of the demography benefits from using the app. No minimum investment required to start, hassle free automation of rounding up every transaction, and no prior financial knowledge is required to begin your investment journey with us.” said Pankaj Solanki, COO and Co-Founder of Xponent.
Additional details about what Xponent offers can be found on www.xponent.ae. The first 2,000 people to join the waitlist for the upcoming app will earn cash rewards as well.