Vest Wealth Management
closedTrading app to help mexican save for their retirement.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
$1.8m | Seed | ||
| Total Funding | 000k | ||
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Vest is a financial technology company providing a digital investment platform that enables retail investors in Latin America to access the U.S. stock market. The company primarily serves individuals in emerging economies who are seeking to build long-term wealth and are interested in financial innovation. Through its mobile and web applications, users can invest in a range of stocks, ETFs, and fixed-income assets with as little as one dollar, taking advantage of fractional shares. The platform also features VestAI, a tool that offers personalized investment insights, portfolio performance analysis, and real-time market data.
The business operates on a zero-commission model for trades, generating revenue through a quarterly maintenance fee. This fee can be waived if a user makes at least one deposit during the quarter. The company operates through several wholly-owned subsidiaries of Vest Inc., including Northbound Securities LLC, a broker-dealer registered with FINRA, which provides the securities products and services. Investment advisory services are offered by VestWealth Inc., an SEC-registered investment adviser. To ensure the security of assets, accounts are protected by the SIPC for up to $500,000.
Founded to address the low stock market participation in Latin American countries compared to the U.S., Vest aims to empower a growing market of retail investors in the region. In January 2022, the Mexico City-based startup announced it had raised $6 million in a Seed funding round led by Founders Fund, with participation from Nazca and other investors. The company's vision is to embed intelligent and personalized investing into the daily digital lives of its users, making global financial markets more accessible.
Keywords: Latin America investment, US stock market access, retail investors, fractional shares, fintech platform, digital investing, wealth management, financial technology, ETFs, fixed income, AI investment insights, zero-commission trading, SIPC protection, FINRA registered, SEC registered, Mexico City startup, cross-border investing, emerging markets finance, mobile trading app, wealth building