Fintechreviews.co.uk reports of a new company that could help maximise profits on savings and investments. MaxMyWealth is a company based in the UK and India that creates structured investments across the two locations. It comes in the form of an application that was launched in India in February earlier this year.
The initial idea for the application was to create a saving and investment application that selects only the most profitable mutual funds by using proprietary research obtained by teams in both India and the UK.
The aim of this application is to provide investors with well-informed saving and investment options, producing better and more profitable investment ideas.
Investment shows potential
Fintechreviews.co.uk has found that MaxMyWealth has gained an investment from two UK-based investors. The amount of investment is as of yet, undisclosed. The reports have shown that the two investors have bought a considerable minority share in the company.
One of the two investors who acquired the minority stake in Healthwalk Advisors – the company which owns MaxMyWealth – are Global Advisors (Jersey) Ltd, which is an alternate asset management firm and leading investor in the blockchain ecosystem. The other party is Horseferry which is a diversified investment firm.
What MaxMyWealth does for users
The application provides useful features such as:
- Projected wealth views, giving investors an idea on the return of their investment;
- Interactive graphs, giving investors clear and well-organised information to make better decisions;
- Goal tracking and forecasts, to see theprogress of investments;
- Intelligent withdrawal, bringing the ability to make efficient steps to manage investments;
- Tax loss harvesting, to give a clear view of taxation.
MaxMyWealthis at an advantage because the system connects to automated teller machines (ATMs) and point of sale (POS) transactions via a Visa card, so users can use their accounts to make purchases or transfers.
Investing in a sector of the market that directly affects the investor’s business can prove more profitable than random speculation; this is why companies in the same sector want to invest in fintechs that will impact their daily lives.
Vinay Chauhan, founder of MaxMyWealth is an investment professional and saw the need for this service, along with his investors.
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