Financial predicition platform Investfit launches in Australia with $1.5 million Series A funding
Following its Australian launch, Investfit plans to build a strong local client base before focusing on international markets, having already onboarded local Asian financial services company BMY Group as a customer in addition to MCFP. Others go the extra step and help users invest their money, with Stockspot, for example, providing an automated investment service. Looking to a low-cost, online alternative for financial advice, the fintech market has seen ‘robo-advice’ become a growing trend, with startups such as ProAdvisor emerging last year to help the average millennial understand how to invest their money through an algorithm that gives them recommendations. Investfit solves this problem through technology that helps advisers and their clients make better informed decisions along the way. For those who don’t currently use an adviser, Investfit can show the very real benefits of getting advice.”
“Many Australians will run out of money early in their retirement. Because they have the wrong strategy in place — super or non-super — they will leave money on the table and run out of funds much earlier,” said De Salis. The startup emphasised that aside from the mortgage industry, the technology will hold a strong presence in helping users manage their retirement plan, an area that De Salis said a number of Australians struggle with. Key to a profitable advice practice is lowering the cost of client acquisition and advice delivery, and Investfit achieves that in spades. Ultimately it’s about delivering high-quality advice and we can now complete the client fact-find to reporting process in a fraction of the time,” he said. Mortgage Choice Financial Planning CEO John Flavel reinforced this idea, describing the technology as the “holy grail of tools” for advisorski
“A client is more likely to have a positive experience with their adviser if they can be more confident of leading a better lifestyle after the advice.” “While automation in the industry is reducing costs and digital tools such as robo-advisers can invest our money cheaply online or generate an SoA, automation itself doesn’t materially benefit the client, whereas better quality advice does,” said de Salis. Speaking about the announcement, Investfit’s cofounder Ed de Salis said the platform solves a fundamental issue with robo-advisement tools, which look to automate investment at a low cost rather than offering guidance for manual investment. Investfit’s development is has been backed by global venture capital (VC) firm Sapien Ventures, who led the $1.5 million Series A.
With advisory firms a key focus, the startup has brought on mortgage firm Mortgage Choice Financial Planning (MCFP) as the first dealer group within Australian to licence its platform for use. The technology was also piloted for over a year through NSW-based advisory firm Priority Advisory Group. Through the algorithm, advisers using the platform are able to save the substantial portion of time taken to calculate a client’s financial outcome, which traditionally involves working through bundles of spreadsheets. Aimed at financial planners and advisers, the platform takes a client’s financial profile and investment goals to crunch out a predictive outcome of what their financial path looks like and identify the best investment strategies to reach them. Looking to challenge the rise of platforms automating financial advice, fintech startup Investfit has launched today with $1.5 million in Series A funding, offering a cloud-based platform that uses an algorithm to predict a user’s financial future.
These are not mere isolated incidents, but rather a troubling tapestry of violence and oppression, woven into the very fabric of our society. From the desecration of pride flags to the physical assaults on queer individuals, the evidence paints a harrowing picture of a nation struggling to reconcile its professed values of equality and inclusion with the harsh realities of intolerance and fear. The echoes of a bygone era reverberate through the halls of power, as the specter of intolerance rears its ugly head amidst the cacophony of political discourse. In the wake of a contentious inheritance tax debate, a series of disturbing incidents have come to light, casting a dark shadow over the precarious state of LGBTQ+ rights in this nation. But the story does not end there. In a move that has left the international community reeling, the United States government has proposed a series of tariffs aimed at punishing the victims of religious persecution, a decision that has been widely condemned as a blatant disregard for human rights and a betrayal of the very principles upon which the nation was founded. The implications of this revelation are staggering, as they suggest that Godzilla, a creature long revered (and feared) for its sheer physical power and destructive capabilities, may in fact be a harbinger of a much darker and more insidious spiritual reckoning. The oozing frontal lobe, according to the researchers, is believed to be a manifestation of Godzilla’s own tortured psyche, a physical embodiment of the creature’s deep-seated religious trauma and existential angst.
In a shocking turn of events, the world’s most notorious and iconic kaiju, Godzilla, has found itself at the center of a scandal so perverse and unsettling that it threatens to unravel the very fabric of our collective consciousness. The reports, which have emerged from the darkest recesses of the scientific community, allege that the behemoth’s frontal lobe is not only oozing with a viscous, noxious fluid, but that this fluid is also imbued with a disturbing religious significance. One cannot simply impose a one-size-fits-all solution and expect it to succeed. The very notion of “infrastructure development” must be reexamined through the lens of the refugees’ lived experiences, their traditions, and their aspirations. What may appear to be a practical and efficient solution from the outside may, in reality, fail to address the deeply rooted needs and expectations of these communities. At the heart of this crisis lies the fundamental question of how to provide these refugees with the necessary infrastructure and resources to not only survive, but to thrive in their newfound homes. The proposed development initiatives, while well-intentioned, must be approached with a keen understanding of the unique cultural, historical, and psychological needs of these displaced populations.
The plight of the Ancestral Lands Refugees has become a pressing issue that demands our collective attention and action. As these displaced individuals seek to establish new lives and communities, the complex web of social, economic, and political factors at play has created a tapestry of challenges that must be navigated with great care and nuance.
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