UK-based micro-investment platform Wombat has partnered with Currencycloud, the experts in simplifying business in a multi-currency world, to launch its new, free, Instant Investing account to give investors the ability to invest instantly in the UK, and in US stocks during opening hours.
In line with Wombat’s goal of making investing effortless and accessible for all, the easy-to-use Instant Investing account lets people who want to trade more frequently, and with more choice, do so with no initial subscription fee and only small FX transaction fees. An investor can now instantly place a trade, commission-free, during US market hours. The new account adds to Wombat’s range of carefully chosen, low-cost, theme-based exchange traded funds (ETFs) and fractional UK, US and EU shares.
By partnering with Currencycloud and integrating its APIs directly into their app, Wombat is able to offer its customers instant access to popular US stocks and shares by executing instant buy and sell orders with unlimited commission-free trading and low FX rates. These customers can trade regularly in real time, and instantly convert USD to GBP and vice versa when it suits them and without incurring any hidden FX fees.
Says Kane Harrison, CEO and Co-founder of Wombat: “The addition of Instant Investing is really exciting for us as it gives our users the opportunity to further their investment journey. For those who want to be able to trade shares more regularly, our new instant account will give them flexibility and greater options with access to real-time investments and live market pricing. These new features are fundamental to the next stage of our development and give our users the tools they need to invest the way they want.”
Nick Cheetham, Chief Revenue Officer at Currencycloud, commented: “ The growth of Wealthtech over the last couple of years has been meteoric. Working with a brand like Wombat, that provides investment opportunities to the layman is a perfect example of our mutual goal of levelling the playing fields within financial services .”
Wombat is available to download from Apple’s App Store and Google Play now.
Notes to editors
Wombat: Tom Briffit – MRM – +44 74 7135 1576
Wombat website: wombatinvest.com
Wombat is a mobile-first, fractional micro-investment platform offering everyone the opportunity to become an effortless investor. Launched in 2019, Wombat provides a dedicated mobile investing platform – available on both iOS and Android – offering users both range and choice. With Wombat, users can select from a range of themed funds and individual shares to create a personalised portfolio that reflects their interests, lifestyle, and beliefs. Wombat’s quick sign-up, bright platform, Learning Hub, Round Ups, and automated hands-off investment features make investing effortless and engaging.
Banks, Fintechs and businesses everywhere can make bigger, better, bolder leaps with Currencycloud, a Visa solution.
Currencycloud gives businesses the capability to move money across borders, and transact globally in multiple currencies, fast. Experts at what they do, their technology makes it easy for clients to embrace digital wallets, and to embed finance into the core of their business – no matter what industry they’re in.
Since 2012, Currencycloud has processed more than $100bn to over 180 countries, working with banks, financial institutions and Fintechs around the world, including Starling Bank, Revolut, Penta and Lunar. Based in London with offices in New York, Amsterdam, Cardiff, and Singapore, Currencycloud works with partners including Visa, Dwolla, GPS and Mambu to deliver simple, clear cross-border infrastructure solutions for clients. They are regulated in the UK, Canada, US and the EU