The Canada-based FinTech Voleo is a key project partner within the FINDER project. The investment platform enables groups of friends, families, colleagues and anyone who joins to collaboratively invest and manage a stock portfolio together. Unlike solo investing, investments through Voleo are conducted within investment clubs of three to hundred people and trading decisions are made as a team. With each individual contributing cash and proposing buying or selling actions, the team together takes the final trading decision – “Investing is better. Together”, as Voleo states it.
A major mission for Voleo is to grant access to trading to people intimidated by the seemingly complex world of investments and thereby increase financial literacy on a fun and easy-to-use app or web platform. By following the investment decisions of top-performing clubs or individuals while having a clear and dynamic overview of the club’s own portfolio and performance, barriers to investing fade. The currently starting annual Voleo Student Competition in cooperation with the NASDAQ emphasizes the vision to encourage investing among ages and demographics.
Currently operating in the United States, Voleo recently surpassed eight thousand registered users partnering with Google’s Digital Strategy program. More information about the Voleo platform and exciting developments can be found on their website or LinkedIn. Stay tuned as the research collaboration progresses!