Starting on its German platform WeltSparen, Berlin-based fintech Raisin is introducing a savings plan for its line of ETF portfolios. With the new savings plan Raisin's customers in Germany will be able to build their wealth starting at just €50 per month.
The company is additionally lowering the one-time minimum required investment amount to start a WeltInvest portfolio to €500. WeltInvest is the result of WeltSparen's cooperation with Vanguard as fund provider and DAB BNP Paribas.
With WeltInvest, consumers invest in globally diversified stocks and bonds with investment grade rating. Based on their risk/return preference investors select one of four available WeltInvest portfolios and then enjoy the benefit of automatic reinvestment of their earnings, flexible deposits and payouts at no additional cost, as well as an annual rebalancing of the portfolio. The low all-in cost of 0.49 percent contrasts sharply with the German robo-advisor market average of 1.3 percent, and WeltInvest's low minimum first investment of €500 even more so with the average German minimum of around €9,500.
Through WeltInvest everyone can now participate in global capital markets. Just 12 months after launch, more than 5,000 customers have taken advantage of the WeltInvest offer, investing more than €100m through the platform.
Raisin's savings plan offers investors full flexibility. WeltInvest customers can set up a customized savings plan, online and from the comfort of home, with no additional cost and starting from €50 per month. With no minimum term, they are free to end their plan whenever they want.