UK FinTech start-up Munnypot has soft launched a robo-advice service designed to cater for the mass market "at a fraction of the cost" of traditional advice.
Munnypot is an automated advice service which allows users to set their goals while it takes care of investing the money in one of five tracker products. Initially launched as an online platform but with an app to follow, it wants to attract the mass market by making investing simple and jargon-free. The service works by asking users simple questions on a "whats app style interface" to define their life goals. It then allows them to experiment with different scenarios to understand how their financial future could be affected by various decisions, before offering initial and ongoing a...
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