Finect provides an online platform for investors. The platform leverages the collective intelligence of the social network and employs technological tools to help investors in decision making. It allows members to access and share investment insights, consult on investments, and track markets among others.
Finect help people to have a better control of their finances and make better decisions, in a simple way. It helps to know that finances sound dull and complex, but at the same time it is essential to manage savings and investments well to achieve goals and desires. It provides a unique and essential to make better decisions to financial challenges ahead for society. The tools offers a unique and indispensable help to make better decisions in front of the financial challenges that are approaching for the society
PRODUCTS & SERVICES:
Online finance and investment management platform for investors, and financial institutions.
It helps users to have better control of their finances and make better decisions.
2 millions users
The company has different partners:
Banking partners: BestInver, ING Direct, renta4, AND Bank, Santander, Bankinter
Community partners: M&G Investments, Nordea Asset Management, GVC Gaesco, W4i, Vontobel Asset Management.
PRIMARY PROBLEM SOLVED:
Too much money is left in deposits without being invested. Bank customers are left alone without assistance for their investment decisions.
The right channel for customer investments is mobile and digital. To assist customers, you have to reach them with a tiny approach – socialize with them and understand what they are interested in.
Customer acquisition is cost-free due to collaborations with media.
We help financial management companies to understand the target market. (June 2017)
PRODUCTS & SERVICES:
Smart Data to help savers with their financial decisions and financial companies to reach their target audience with hyper-segmentation
TOP PROBLEM SOLVED:
More than 5 million bank customers are being left alone in their savings and investment decisions. They are aware that they must improve their finances, but they do not know how nor to whom turn to because the financial crisis has left the relation with its entity not in a very good position.
In addition, because of the disruptive regulation that comes, many of them will no longer be profitable for banks. These will be forced to hyper-segment their marketing strategy, to optimize budgets and reach the ideal customer.
Our strategy to take advantage of this historic opportunity is based on three solutions of high added value for users and clients, through which specialized information is generated that Finect processes, analyzes and converts into Smart Data. Thus, we can be the essential piece for savers to invest better and for entities the tool they need to offer products tailored to the needs of each user.
PRODUCT DEVELOPMENT STAGE
V2.0 or BEYOND
Josh Grotstein, Nicolas Oriol
Board Members and Advisors:
Gadea de la Viuda
NUMBER OF EMPLOYEES:
Antonio Botas (CEO); Juan Manuel Gomez Mayoral (CTO); Rafa Casado (COO); Sergio Pescador (CCO)
Antonio Botas, Sergio Pescador, Rafa Casado, Juan Manuel Gómez, Vicente Varó