- Fintech start-up Maqro has released a hybrid robo-advice service aimed at bridging the gap between the two extremes of Australian investors.
- It opens the doors for everyday Australian investors to benefit from previously unattainable financial advice, whilst expanding the market for traditional firms with this white-label product.
- Maqro is currently in a bid to raise an additional $2.2 million in its Round B of funding and is expected to grow beyond $1 trillion in 2020.
Fintech start-up Maqro has established a new robo-advisor aimed at filling the void between high end six to seven figure investors and those looking to invest a few hundred through to a few thousand dollars. It is this market that has remained in limbo for Australian investors with the lack of human element in their investment decisions. Maqro aims to close this gap by assisting those who fall between these two levels of investors.
Similar models exist overseas from companies such as Vanguard and Personal Capital, yet this is the first time the product is available as a white-label investment platform within Australia.
This opens up a wide new clientele for financial advisory firms, giving financial advice access to clients who would have traditionally been unprofitable to a traditional firm. On the flipside, investors have access to more personal, insightful and knowledge-backed investment recommendations. Additionally, Maqro offer the time-saving expertise only a professional can bring.
Maqro is currently in a bid to raise an additional $2.2 million in its Round B of funding and is expected to grow beyond $1 trillion in 2020.
A loss of faith in existing adviser services, combined with the growing popularity of self-serve digital solutions has heralded a boom in online investment advice.
Maqro is a startup on a mission to provide Australian investors with technology-driven solutions destined to give traditional financial institutions a run for their money.