May 30, 2022
If your money sits in the bank, your bank makes money, not you. This is why WealthTech exists. It helps you save, invest, trade, manage and grow your wealth at your fingertips. Wealthtech may also provide tools for real-time stock prices, portfolio management, charting, market news, reporting, simulator, etc.
For example, people can buy/sell stocks, options, and IPO shares online using Robinhood. Public.com lets you invest in stocks and see other people’s portfolios. You can buy and sell Bitcoin, Ethereum via Coinbase or Binance. You can also use Wealthfront to automate savings and investment.
Today, we’ll examine companies that provide for personal wealth building. If you want to build something in consumer FinTech, keep reading because we’ll unlock exciting opportunities!
(1) Wealthtech is growing rapidly:
(2) Wealthtech that went public evidence that consumer-facing solutions are creating clear winners :
(3) Rise of social investing:
(🔒 Full version) +6 more key trends in the WealthTech space. These insights will help you capture specific customer needs:
🔑 (4/9) Which websites are offering alternative investments for everyday consumers? (3 company examples)
🔑 (5/9) How do e-commerce websites enter the investing space and expand new product offerings? (2 company examples)
🔑 (6/9) The millennial & Gen-Z investors are leading the WealthTech market adoption. What are they really looking for when it comes to investment apps?
🔑 (7/9) How new companies help everyday people become wealthy by using new product strategy? (3 company examples)
🔑 (8/9) How non-investment apps are entering the WealthTech market to expand revenue streams? (3 company examples)
🔑 (9/9) What kind of new product categories are popping up in the Wealth/FinTech space? (6 company examples)
Find market niches, discover competitors, and explore ways to differentiate your new ideas:
(1) Eliminate brokerage fees:
(2) Investing is risky & intimidating:
(🔒 Full version) +3 more well-defined market needs in the space. Solving the right problems will help you build something people want:
🔑 (3/5) How new startups are thriving by focusing on this market need? (3 company examples)
🔑 (4/5) How consumer investing apps differentiate and solve problems differently? (6 company examples)
🔑 (5/5) How companies make money management faster? (5 company examples)
(1) Interest—earning interest by loaning out cash on the uninvested assets in clients’ accounts. Schwab made $265 billion interest earnings in 2018; TD Ameritrade had 23% of its $5.4 billion net revenue in 2018; ETrade had 64% interest revenues of $2.8 billion net revenue.
(2) Rehypothecation—use client securities to support other financial activities.
(3) Trading fees—Cryptocurrency exchange platforms typically monetize through this model. A service fee is incurred when customers buy and sell crypto through the exchange.
(🔒 Full version) +7 more revenue sources used by most consumer wealthtech platforms.
(1) Micro-investing will explode beyond stocks:
(2) New ways to own crypto assets:
(🔒 Full version) +5 more insights that explore the future of Wealth Creation, what new solutions will look like, where’s the market demand, and answer the most important questions for your investors:
🔑 (3/7) How can retail, media and content websites tap into the WealthTech market?
🔑 (4/7) What new consumers expectation are shaping the demand for digital investing platforms?
🔑 (5/7) How to create new products in an adjacent market that has $156.6 billion revenue worldwide?
🔑 (6/7) Where’re the new opportunities for Web3 digital assets platform?
🔑 (7/7) How can new startups build something to attract the younger investors?
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