Satispay launches three new funds and inaugurates 'investment' section

Satispay takes another step in the development and launch of financial services. After launching the 'Remunerated Piggy Bank' in recent months, the fintech today announced the expansion of its offer with three new investment funds (Bond, Balanced, Global Equity), designed to accompany users in planning their life goals. With the new products, Satispay inaugurates the new Investments section of the app, "designed," the company wrote in a statement, "for a clear and simple experience, and to provide access to all the information needed to monitor the progress of one's choices.

"From mid-May to December we saw more than 300,000 users invested. I believe this is an achievement that can only be achieved by those who, like us, interact with such a large and attentive community on a daily basis. Even more interestingly, not only have over 120 million euros already been deposited on Salvadanaio Remunerato, but two out of three investors have set up a recurring accumulation plan, reflecting a rapid and conscious adoption of our service," comments Alberto Dalmasso, co-founder and ceo of Satispay. "Having started out to provide an alternative to stationary liquidity in accounts, we now take it a step further. We are addressing not only those who are starting out, but also those who are already investing. With these new instruments we are responding to the need of those who want to build their financial independence and plan their future, continuing our mission of contributing to a new culture in money management to transform Italy from a country of savers to a country of investors".

Partner in this new offering is Invesco, which, with more than $2 trillion under management, is one of the world's leading independent asset managers and will be the portfolio manager for the new products. Satispay has actively collaborated with Invesco to define the guidelines of each fund's portfolio. The funds' operations are also supervised and controlled by Fondaco, a fund management company also responsible for risk management.

The aim of these partnerships is to 'democratise access to high-quality investment solutions, making them available to all its more than 6 million users'.

In addition, in order to make it easier to top up the Satispay wallet with sums of money appropriate to different investment plan choices, the fintech company has introduced a personal IBAN assignment programme that the user can choose to activate directly from the app. This feature makes it possible, for example, to receive funds from other user current accounts that are not linked to Satispay, or - thinking of the youngest - to easily receive a contribution from parents or grandparents to fuel their investment plans.