Concentration Risk is the new Vendor Lock-In
In this week's Emerge5, we're bringing you five of the most game-changing investment platforms, as well as a special interview to end the show. These platforms empower people to invest, whether its their first time or they're well-seasoned at the game. Watch the video and/or read below to discover more about these game-changing startups.
Pynk's ultimate goal is to help people gain investing superpowers. The way they're doing it is through 'social investing', which promotes a community feel that allows people to learn from one another. Their platform is powered by three forms of intelligence that help make smart collective investment decisions, including Wisdom of Crowds, Artificial Intelligence, and Expert Insight. Pynk also makes investing fun, while also respecting your time, financial situation, and your knowledge level.
Prepare to blast off to a bright future with Spaceship Voyager. This Australian company, founded in 2016, began with a single mission: to enable you to invest in your future, so you can live the life you want to live. With their first offering, Spaceship Voyager, you can start investing as little as you like, fee-free on the first $5,000. The company also offers Spaceship Super, allowing people to "join the super fund investing where the world is going". Today, thousands of Australians have invested more than $340m in Spaceship Super.
Numerai is an AI-run, crowdsourced hedge fund based in San Francisco and created by South African technologist Richard Craib. What makes Numerai unique is that its trades are determined by AI, fuelled by a network of thousands of anonymous data scientists. Numerai is also the world's first AI hedge fund to create its own cryptocurrency (Numeraire), and the platform hosts a weekly tournament in which data scientists submit their predictions in exchange for the potential to earn some amount of USD and Numeraire. As of recording, one Numeraire was worth $23.97, so if you have the skills, you should definitely get involved.
Hardbacon is on a mission to turn investing in the stock market a simple and profitable process for everyone. Their mobile app syncs with online brokerages, analysing its users' portfolio and providing them with the data and tools they need to become better self-directed investors. But they don't stop there at the app, on hardbacon.ca, they help Canadians pick robo-advisors and brokerages among other financial services through their easy to use comparators, they also educate Canadians about investment through various initiatives such an online course, online magazine, a newsletter, and an encyclopedia.
We had the pleasure of doing a Tech Chat last year with CoinBurp's CEO and Co-Founder, Pete Wood, and he explained how they're creating a uniquely user-friendly trading platform built by seasoned cryptocurrency experts. In particular, CoinBurp wants to have the most secure platform that delivers the best-in-class user experience which focuses on community and education. Coinburp’s goal is simplicity, allowing you to register an account in minutes, deposit instantly from your bank, and enjoy a simpler the traditional cryptocurrency trading experience.