Munnypot
Company

Last deal

Amount

Private Equity

Stage

27.06.2018

Date

1

all rounds

General

About Company
Munnypot is an automated online investment advice solution that delivers affordable and easy-to-understand financial advice.

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founded date

01.01.2015

Number of employees

Company Type

For Profit

Last funding type

Private Equity

IPO status

Private

Description

Munnypot was created to address the financial advice gap in the mass market, providing an alternative to traditional financial advice that is often inaccessible due to high fees and investment minimums. It uses a conversational chatbot to make investment decisions based on the customer's risk appetite and individual circumstances. Munnypot monitors investments 24/7 and provides actionable advice if performance deviates from the customer's goal. The company offers regulated, direct-to-consumer investment advice and aims to remove stress and decision-making for the consumer. Additionally, Munnypot provides a white label solution for businesses and has merged with Verso Wealth Management.
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