fbpx

Fundvest

Categories
News

Top stocks that pay dividends in August 2023

Top stocks that pay dividends in August 2023

Facebook
Twitter
LinkedIn

With the inflation still running, and recession risks rising around the world, you might be wondering if any part of your stock portfolio is likely to generate returns in the coming months—or if preserving your capital is the best one can hope for in this environment? One way to make gains from your portfolio, is investing in so-called dividend stocks. 

There are several potential benefits to investing in dividend paying companies as their stocks provide two sources of return: regular income from dividend payments and capital appreciation of the stock price. Therefore, building a portfolio of stocks that pay dividend regularly is a smart way to create consistent income from the markets. Quarterly or monthly dividend paying companies tend to be well-established, with stable profits and a track record of distributing a portion of it to shareholders in the form of cash or additional stock.  

Here is the list of ten U.S. stocks available on Fundvest that will pay a dividend in August 2023: 

NYSE: O – Realty Income Reit Corp 

  • Dividend to be paid in August: $0.26 per-share  
  • Dividend yield (yearly): 4.87%   
  • The ex-dividend date* for August dividend: 31st of July  
  • Pays dividends monthly 

 

NYSE: CLX – Clorox  

  • Dividend to be paid in August: $1.18 per-share  
  • Dividend yield: 3.07%   
  • The ex-dividend date* for August dividend: 25th of July  
  • Pays dividends quarterly 

 

NASDAQ: AGNC – AGNC Investment Corp 

  • Dividend to be paid in August: $0.12 per-share  
  • Dividend yield: 14.1%   
  • The ex-dividend date* for August dividend: 28th of July  
  • Pays dividends monthly 

 

NYSE: LEVI – Levi Strauss & Co Class A 

  • Dividend to be paid in August: $0.12 per-share  
  • Dividend yield: 3.42%   
  • The ex-dividend date* for August dividend: 3rd of August 
  • Pays dividends quarterly 

 

NASDAQ: HAS – Hasbro Inc 

  • Dividend to be paid in August: $0.7 per-share 
  • Dividend yield: 4.38%   
  • The ex-dividend date* for August dividend: 31st of July 
  • Pays dividends quarterly 

 

NASDAQ: LNT – Alliant Energy Corp 

  • Dividend to be paid in August: $0.45 per-share  
  • Dividend yield: 3.26%   
  • The ex-dividend date* for August dividend: 28th of July 
  • Pays dividends quarterly 

 

NYSE: F – Ford Motor Co 

  • Dividend to be paid in August: $0.24 per-share  
  • Dividend yield: 3.9%   
  • The ex-dividend date* for August dividend: 24th of July 
  • Pays dividends quarterly 

 

It is important to note, that the dividend payments are proposed by the management of the companies and approved by the shareholders meeting. Therefore, even companies that have a good and stable dividend history, might decrease their dividend or even stop paying them when encountering difficult times. Don’t forget to diversify your investment portfolio! 

 

 

* The ex-dividend date – usually investors (shareholders) who buy the Stock (shares) on the ex-dividend date or after will not receive a dividend for last period.  

Please be advised that the list presented is informative and not intended to be an investment advice suggesting specific stocks, but merely a presentation of facts. All Fundvest clients are encouraged to do their own research and make sure of their risk tolerance and financial capacity before making investment decisions. Please consult an expert, if necessary.    

In this article, Fundvest has used third party data, therefore Fundvest neither takes any responsibility for the data presented, nor intends to update the information presented in this article. Data can be updated.  

Download Fundvest from Google Play and App Store stores. 

Share this post

Facebook
Twitter
LinkedIn
Categories
News

Why buy famous brands when you can invest in them? 

Why buy famous brands when you can invest in them?

Facebook
Twitter
LinkedIn

In addition to purchasing products or services from your favourite brands, you also have an opportunity to acquire a share in them through Fundvest. This approach makes perfect sense because as a shareholder, consuming a company’s products literally pays you back since you also own a right to a portion of its profits, even if in reality the amounts are very small. 

Investing in stocks of companies that own famous brands can be a profitable strategy for several other reasons. Here are a few key points: 

  • “Invest in what you know”: This quote by investor Peter Lynch suggests buying stocks of businesses you understand. Lynch’s philosophy can therefore be extended to famous consumer brands as these are usually well-known to the wider public, and information about their business models and financial projections is readily available. However, it’s important to note that buying from a brand does not automatically make you an expert in their business; thorough research is still necessary. 
  • Dividend income: Some companies that own well-known brands distribute a portion of their profits to shareholders as dividends. This is often the case because these companies are well-established and enjoy stable profits. By investing in such stocks, you may earn regular income from your investment. 
  • Diversification: Owning shares of different brand stocks helps diversify your investment portfolio. Since everyone purchases from brands spanning various industries, such as technology, consumer goods, healthcare, and finance, this approach offers exposure to different sectors. 

Here are a few examples of famous US brand stocks available on the Fundvest app: 

  • Apple Inc. (AAPL): A technology giant known for its iPhones, iPads, Macs, and other products. It has a strong global presence and a loyal customer base. 
  • Amazon.com Inc. (AMZN): An e-commerce and cloud computing company that dominates online retail and has expanded into various industries, including streaming services, smart devices, and logistics. 
  • The Coca-Cola Company (KO): A leading beverage company with a diverse portfolio of popular soft drink brands. It has a long-standing global presence and a strong distribution network. 
  • Nike Inc. (NKE): A renowned sportswear and athletic footwear company known for its innovative products, marketing campaigns, and endorsements with top athletes. 
  • Tesla Inc. (TSLA): An electric vehicle and clean energy company that has revolutionized the automobile industry and focuses on sustainable energy solutions. 
  • Alphabet Inc. (GOOGL): The parent company of Google, the world’s most popular search engine. It offers various products and services, including online advertising, cloud computing, and software. 
  • The Walt Disney Company (DIS): A global entertainment and media conglomerate involved in film production, television networks, theme parks, and merchandise. Its brands include Disney, Marvel, Pixar, and Star Wars. 
  • McDonald’s Corp. (MCD): A global fast-food restaurant chain known for its iconic golden arches. It offers a wide menu of burgers, snacks, and drinks, operating in over 100 countries.  

The list presented above is of course not exhaustive. Therefore, feel free to look up your favourite brands from the Fundvest app! 

While investing in brands you love can be a great starting point, thorough research on the companies whose stocks you’re considering to buy is crucial. Remember that even brands you currently admire may experience changes in value and stock prices in the future. 

 


Please be advised that the list provided is for informational purposes only and not intended as specific investment advice. All Fundvest clients are encouraged to conduct their own research, assess their risk tolerance and financial capacity, and consult experts if necessary. Past performance of companies does not guarantee future results. 

For writing this article, Fundvest has used third-party data, therefore Fundvest neither takes any responsibility for the data presented, nor intends to update the information presented in this article.   

Download Fundvest from Google Play and App Store stores. 

Share this post

Facebook
Twitter
LinkedIn
Categories
News

 Top Stocks that pay dividends in July 2023  

Top Stocks that pay dividends in July 2023

Building a dividend-stock portfolio is a smart way to create consistent income. With this strategy, you’re earning money on regular basis. Regular dividend paying companies tend to be well-established, with stable profits and a track record of distributing a portion of them to shareholders in the form of cash or additional stock. 

So, without further ado, here is the list of ten U.S. stocks available on Fundvest that will pay a dividend in July 2023: 

NASDAQ: XRX – Xerox Corp 

  • Dividend to be paid in July: $0.25 per-share 
  • Dividend yield: 6.4%  
  • The ex-dividend date for July dividend: 29th of June 
  • Pays dividends quarterly 

 

NYSE: GPS – GAP Inc. 

  • Dividend to be paid in July: $0.15 per-share 
  • Dividend yield: 6.28%  
  • The ex-dividend date for July dividend: 3rd of July 
  • Pays dividends quarterly 

 

NYSE: FRT – Federal Realty Investment Trust 

  • Dividend to be paid in July: $1.08 per-share 
  • Dividend yield: 4.58%  
  • Years of consecutive dividend increases: 55 
  • The ex-dividend date for July dividend: 21st of June 
  • Pays dividends in quarterly 

 

NYSE: AEO – American Eagle Outfitters Inc. 

  • Dividend to be paid in July: $0.10 per-share 
  • Dividend yield: 3.41%  
  • The ex-dividend date for July dividend: 6th of July 
  • Pays dividends in quarterly

 

NASDAQ: CSCO – Cisco 

  • Dividend to be paid in July: $0.39 per-share 
  • Dividend yield: 3.06%  
  • Years of consecutive dividend increases: 13 
  • The ex-dividend date for July dividend: 5th of July 
  • Pays dividends quarterly 

 

NASDAQ: CMCSA – Comcast Corp Class A 

  • Dividend to be paid in July: $0.29 per-share 
  • Dividend yield: 2.84%  
  • Years of consecutive dividend increases: 16 
  • The ex-dividend date for July dividend: 3rd of July 
  • Pays dividends quarterly 

 

NYSE: JPM – JP Morgan Chase & Co 

  • Dividend to be paid in July: $1.00 per-share 
  • Dividend yield: 2.83%  
  • The ex-dividend date for July dividend: 5th of July 
  • Pays dividends quarterly 

 

NASDAQ: NTAP – NetApp Inc 

  • Dividend to be paid in July: $0.5 per-share 
  • Dividend yield: 2.73%  
  • The ex-dividend date for July dividend: 6th of July 
  • Pays dividends quarterly 

 

NYSE: CAH – Cardinal Health Inc. 

  • Dividend to be paid in July: $0.5006 per-share 
  • Dividend yield: 2.28%  
  • Years of consecutive dividend increases: 38 
  • The ex-dividend date for July dividend: 30th of June 
  • Pays dividends quarterly 

 

NYSE: ITW – Illinois Tool Works 

  • Dividend to be paid in July: $1.31 per-share 
  • Dividend yield: 2.14%  
  • Years of dividend increases: 59 
  • The ex-dividend date for July dividend: 29th of June 
  • Pays dividends quarterly 

 

The dividend payments are proposed by the management of the companies and approved by the shareholders meeting. Therefore, it is important to note that even companies that have a good and stable dividend history, might decrease their dividend or even stop paying them when encountering difficult times. Don’t forget to diversify your investment portfolio! 

 

* The ex-dividend date – usually investors (shareholders) who bought the Stock (shares) on the ex-dividend date or after will not receive a dividend for last period. 

 

Please be advised that the list presented is informative and not intended to be an investment advice suggesting specific stocks, but merely a presentation of facts. All Fundvest clients are encouraged to do their own research and make sure of their risk tolerance and financial capacity before making investment decisions. Please consult an expert, if necessary.   

In this article, Fundvest has used third party data, therefore Fundvest neither takes any responsibility for the data presented, nor intends to update the information presented in this article. Data can be updated. 

Download Fundvest from Google Play and App Store stores. 

Share this post

Facebook
Twitter
LinkedIn
Categories
News

Most traded stocks on NYSE on Fundvest app 

Most traded stocks on NYSE on Fundvest app

Fundvest has been available for almost six months now. That sounds like a great time to take a look back on the most traded stocks on Fundvest. 

More specifically, we are presenting 10 most traded stocks by volume (number of shares traded on Fundvest) that are listed on the New York Stock Exchange (NYSE). As the NYSE is the world’s largest stock exchange by market capitalisation, the most traded stocks include several prominent companies.  

So, what are the most traded NYSE stocks by volume on Fundvest? (Price ranges from finance.yahoo.com) 

  1. SPCE:NYSE – Virgin Galactic Holdings (6-month price range in $:  2.98-6.61)
  2. MPW:NYSEMedical Properties Trust Inc (6-month price range in $:  7.10-14.00)
  3. DNA:NYSE – Ginkgo Bioworks Holdings Inc (6-month price range in $:  1.12-2.25)
  4. AMC:NYSEAmc Entertainment Holdings Inc Class A  (6-month price range in $:  3.77-8.53)
  5. C:NYSE – Citigroup Inc (6-month price range in $:  42.01-53.23)
  6. KO:NYSE – Coca-Cola (6-month price range in $:  58.37-64.99)
  7. ADT:NYSEAdt Inc (6-month price range in $:  5.89-9.84)
  8. JPM:NYSE – J. P. Morgan Chase & Co (6-month price range in $:  123.11-144.34)
  9. F:NYSE – Ford Motor Co (6-month price range in $:  11.12-14.60)
  10. ALIT:NYSE – Alight Inc  (6-month price range in $:  8.04-10.19)

What causes a stock to be most active? 

In many cases, trade activity increases when there has been a significant change in a stock price. Such a change is usually due to some newsworthy event. A positive earnings report can generate interest in the stock causing the price to rise. Conversely, a negative earnings report can put selling pressure on the stock, causing the price to decline. This increased trading volume can stay in place for a while as other investors jump in for fear of missing out. 

But there are also several other reasons that can make a stock more traded. Here are some examples: 

  1. The market volume might be higher for stocks that are generally more known by the public;  
  2. the stocks with lower price, including the so called “penny-stocks”, might also have a larger trading volume, as more shares need to be exchanged in case of larger transactions with those stocks; 
  3. a high number of free-float shares, meaning the amount of shares readily available on the market for the public also results in higher volume.  

 

Please be advised that the list presented is informative and not intended to be an investment advice suggesting specific stocks, but merely a presentation of facts. All Fundvest clients are encouraged to do their own research and make sure of their risk tolerance and financial capacity before making investment decisions. Please consult an expert, if necessary.  

For writing this article, Fundvest has used historical data, therefore Fundvest neither takes any responsibility for the data presented, nor intends to update the information presented in this article.  

Download Fundvest from Google Play and App Store stores. 

Share this post

Facebook
Twitter
LinkedIn
Categories
News

10 S&P 500 stocks with the lowest P/E ratio on Fundvest 

10 S&P 500 stocks with the lowest P/E ratio on Fundvest

When discussing value investing, one of the most popular ratios used for identifying stocks to invest in is the trailing P/E (Price-to-earnings) ratio. The trailing twelve months P/E ratio is calculated by dividing the current stock price by the sum of 4 latest quarterly earnings per-share of the underlying company. But why is the P/E ratio important for a value investor, you may ask? That’s because the stocks with a lower P/E ratio could be undervalued and might do better in the future. For an example, a P/E ratio of 5 shows, that the stock trades at 5 times its earnings per share, while for a stock with a P/E of 10, this multiplier is 10. There is no universal definition of a good P/E ratio as it varies across sectors and business models, but generally, a P/E ratio lower than 20-25 is already considered good. All in all, a better than average P/E shows, that a company is making more per its share price than other companies.  

Therefore, we have chosen 10 stocks from the legendary S&P 500 list that are available on the Fundvest app, based on the lowest (but not negative) trailing twelve months P/E ratios for you! The data is based on 22 May 2023. 

  1. Dish Network Corp Class A (DISH – NASDAQ): The telecom services corporation had a very low P/E ratio of only 2.09 at market close of 22 May. 
  2. EQT Corp (EQT – New York Stock Exchange): This oil and gas company showed a P/E ratio of 3.14. This can also be considered really low. 
  3. Apa Corp (APA – NASDAQ): Another oil and gas firm on the list showed a P/E similar to the previous: 3.38. 
  4. Comercia Inc (CMA – New York Stock Exchange): This Dallas based bank boasts a trailing P/E ratio of 3.44. Although, it is important to note that the banking stocks are at the time of writing going through turbulent times because of the scares caused by the interest risk. 
  5. Philips 66 (PSX – New York Stock Exchange): The energy manufacturing and logistics company has a P/E ratio of 3.56. 
  6. Principal Financial Group Inc (PFG – NASDAQ): The asset management and insurance group has a P/E ratio is a strong 3.99. 
  7. American International Group (AIG – New York Stock Exchange): Yet another financial group in the list. This one has a trailing P/E ratio of 4.02. 
  8. Mosaic (MOS – New York Stock Exchange): The crop nutrient manufacturer that is one of the two non-energy and non-financial companies on the list, shows a P/E ratio of 4.38. 

Honourable mentions:  

Even though all the companies in the above list are a part of the S&P 500 index, they surely are not the best-known. Therefore, we present to you two honourable mentions, i.e., really big names that also have a low trailing P/E ratio. 

  • General Motors (GM): The automotive industry giant has had a nice and low P/E ratio for some years now. At the moment, the ratio for the stock is 5.64. 
  • Verizon (VZ): This telecommunication company has a P/E ratio of 7.38, which is good compared to other companies in the same industry. The firm also has a nice dividend yield of 7.19% from the current share price. 

Despite the P/E ratio being an understandable financial metric, it is important to note that it is not the only financial indicator that you should take into consideration while making investment decisions. Even though a low trailing P/E could hint to undervalued stocks, this ratio could also be low because of negative future outlook (e.g., risk of bankruptcy or negative growth) for the underlying company. The P/E should be used to compare similar companies (by industry for instance), because the already mentioned future outlook may differ a lot.

Please be advised that the list presented is informative and not intended to be an investment advice suggesting specific stocks, but merely a presentation of facts. All Fundvest clients are encouraged to do their own research and make sure of their risk tolerance and financial capacity before making investment decisions. Please consult an expert, if necessary. 

For writing this article, Fundvest has used historical data from the third-party providers, therefore Fundvest neither takes any responsibility for the data presented, nor intends to update the information presented in this article. 

Download Fundvest from Google Play and App Store stores

Share this post

Facebook
Twitter
LinkedIn
Categories
News

What is an LEI code and who needs it?   

What is an LEI code and who needs it?

An LEI code (Legal Entity Identifier) is a 20-character unique identifier that is assigned to legal entities that engage in financial transactions. It is used to identify the legal entity that is involved in financial transactions and is required by regulatory authorities in many countries. 

The LEI system was introduced as part of the global effort to improve transparency in financial markets and to reduce the risk of financial fraud. It helps regulators and market participants better understand the relationships between different entities, and to monitor the systemic risks associated with financial transactions. 

Legal entities that engage in financial transactions, such as corporations, banks, and investment funds, are typically required to obtain an LEI code. It should be noted, that every company which makes transactions with stocks and ETFs on Fundvest, is also required to get themselves an LEI code. 

Overall, the LEI system is an important tool for improving transparency and reducing the risks associated with financial transactions, and it is an essential requirement for any legal entity that engages in financial transactions. 

 

Where can you get an LEI code? 

 

The list of LEI code providers is available on the website of the Global Legal Entity Identifier Foundation (GLEIF). The specific requirements for obtaining an LEI code may vary depending on the jurisdiction and the type of entity involved. 

 

What is the cost? 

The cost of obtaining an LEI code in Europe can vary depending on the service provider. There is an initial registration fee and an annual renewal fee. 

Please be aware, that the costs of obtaining and renewing your company’s LEI code, will be covered by you, not Fundvest. 

Share this post

Facebook
Twitter
LinkedIn
Categories
News

10 best dividend-paying stocks 

10 best dividend-paying stocks

The best dividend paying stocks can vary from time to time depending on the market conditions and the  financial performance of companies. However, here are some examples of companies that have shown a good dividend yield in the past year and have a long history of paying them. All of those stocks are also available on Fundvest app.

The list has been compiled based on the highest dividend yields as of May 6, 2023 from the S&P 500 dividend aristocrats list. To be included in that list, companies must have been increasing their dividend payments for the past 25 years at least, be in the S&P 500 index, and show a float- adjusted market cap of at least USD 3 billion and an average trading value of USD 5 million 3 months prior. 

  • Exxon Mobil (XOM): The oil giant has a long history of paying high dividends, with a current dividend yield of around 5%. In 2022 they paid total of 3.55$ per one share. It has increased its dividends for the past 40 years.  
  • Walgreens Boots Alliance Inc. (WBA) – With a current dividend yield around 5%, the pharmaceutical company has 47 consecutive years of dividend increases and paid a total dividend of 1.92$ per one share in 2022.  
  • Franklin Resources Inc. (BEN) – The asset management firm currently has a dividend yield of around 4% and its shareholders have enjoyed 41 years of dividend increases. The total dividend per share for the company in 2022 was 1.17$.  
  • Chevron Corp. (CVX) – The dividend yield for another oil giant in the list is around 4% right now, whilst the investors received a total of 5.68$ per share dividends from holding this stock in 2022. The company has also increased its dividends for the past 35 years.  
  • Leggett & Platt Inc. (LEG) – The American manufacturing company has paid out a total of 1.74$ per share in dividends during the year 2022 and has a current dividend yield of nearly 4%. The company has a remarkable track history number of 50 years of increased dividends to show. 
  • Cardinal Health Inc. (CAH) – The healthcare company has a dividend yield of about 4% at the time of writing, boasts 36 consecutive years of dividend increases and paid out a total of 1.99$ per share in dividends last year. 
  • AbbVie Inc. (ABBV) – The drug manufacturer shows a dividend yield of about 4% at the time of writing and has increased its dividends consecutively for the past 51 years. The total dividend pay-out per share in 2022 for the firm was 5.64$ 
  • General Dynamics Corp. (GD) – The industrial company that paid 4.97$ in dividends per share last year, currently shows a dividend yield of about 3%. The consecutive years of dividends increases is 25.  
  • Cincinnati Financial Corp. (CINF) – The insurance and asset management corporation has demonstrated 61 consecutive years of dividends increases. It also has a decent dividend yield of about 3% at the moment and paid 2.76$ in dividends per share in 2022.  
  • Emerson Electric Co. (EMR) – This machinery company has a dividend yield of about 3% while showing the most remarkable number of consecutive years of dividend increases: 66. The dividend paid out per one share in 2022 was 2.08$.  

It’s important to note that while high dividend yields can be attractive to investors seeking income, it’s also important to consider other factors such as the company’s financial health, growth prospects, and overall market conditions before making investment decisions. Also worth mentioning is the fact, that dividend yields themselves can be highly effected by the current share price and can therefore change a lot in a short period of time.

Please note that this article is in no way intended to be investment advice, but merely a presentation of facts. All Fundvest clients are encouraged to do their own research and make sure of their risk tolerance and financial capacity before making investment decisions.

Fundvest does not take responsibility, for the information presented in this article becoming outdated and therefore wrong. 

Download Fundvest from Google Play and App Store stores

Share this post

Facebook
Twitter
LinkedIn
Categories
News

Introducing corporate accounts

Invest now as a corporate

Fundvest, an intelligent investment app launched last December, is expanding rapidly. The platform, already used by retail investors in the Baltic States, is now also available to legal entities.  

To use the Fundvest mobile app, a legal entity must be registered in the Baltic States and have a Legal Entity Identifier (LEI). 

According to Rasmus Klaassen, Founder, and CEO of Fundvest, Baltic’s potential and demands for innovation in financial technology are constantly growing. “We have set ourselves the ambitious goal of providing the companies of the Baltic States with an innovative and transparent app that allows them to manage their investments more efficiently,” says Klaasen 

Any registered Fundvest user who already has an account as a private person can initiate an opening of a corporate account. Once all the necessary verification steps are completed and there is a final approval given, the person authorized to represent the company is connected to a corporate account in the Fundvest app. 

According to Martins Untals, Founder and Chief Technology Officer of Fundvest, the app’s functionality focuses on user-friendliness. It makes it as easy as possible to grow and manage financial capital which has been already confirmed by our clients.   

“The mobile app allows a registered company to have separate multi-currency accounts enabling access to the US and EU stock exchanges for buying corporate shares and exchange-traded funds (EFTs), and using the auto-investment function. What we have been offering to individual users is now open to corporate investors,” says Mr. Untals. 

According to R. Klaassen, Fundvest has raised close to 1 million EUR from its investors to set up the investment platform and to expand its activities in Estonia and other Baltic states. Hence, the plans and pace of future expansion are ambitious. 

“In the third quarter of this year, we will introduce the Premium package of Fundvest services to the market. Its enhanced functionality will open up even wider investment opportunities and take consumer financial management to the next level of quality,” says Klaassen. 

Fundvest’s distinctive feature is its transparent fees, which are generally lower than its competitors. Users of the app can transact for a fixed fee of 0.35% of the value of the transaction plus a 0.5% currency exchange fee when transacting outside the eurozone. 

Fundvest is a modern, user-friendly, easy-to-manage, and transparent long-term investment platform that meets the needs of both novice and experienced investors. It‘s a Baltic start-up launched in Estonia in 2020 and has offices in Vilnius and Tallinn today. Fundvest is a brokerage firm licensed by the Bank of Lithuania and it started its operations at the end of last year. 

The mobile application operates in Android OS and iOS environments. The residents of the Baltic countries can download it to smartphones from the Google Play and App Store stores.

Share this post

Facebook
Twitter
LinkedIn
Categories
News

Fundvest is now live in the Baltic countries

Fundvest launches in the Baltic countries

 Estonian start-up Fundvest, investment app launched last December, is expanding rapidly. The platform, already used by retail investors in the Baltic States, is now also available to legal entities.  

To use the Fundvest mobile app, a legal entity must be registered in the Baltic States and have a Legal Entity Identifier (LEI). 

According to Rasmus Klaassen, Founder, and CEO of Fundvest, Baltic’s potential and demands for innovation in financial technology are constantly growing. “We have set ourselves the ambitious goal of providing the companies of the Baltic States with an innovative and transparent app that allows them to manage their investments more efficiently,” says Klaassen. 

Any registered Fundvest user who already has an account as a private person can initiate an opening of a corporate account. Once all the necessary verification steps are completed and there is a final approval given, the person authorized to represent the company is connected to a corporate account in the Fundvest app. 

According to Martins Untals, Founder and Chief Technology Officer of Fundvest, the app’s functionality focuses on user-friendliness. It makes it as easy as possible to grow and manage financial capital which has been already confirmed by our clients.   

“The mobile app allows a registered company to have separate multi-currency accounts enabling access to the US and EU stock exchanges for buying corporate shares and exchange-traded funds (ETFs), and using the auto-investment function. What we have been offering to individual users is now open to corporate investors,” says Mr. Untals. 

According to R. Klaassen, Fundvest has raised close to EUR 1 million from its investors to set up the investment platform and to expand its activities in Estonia and other Baltic states. Hence, the plans and pace of future expansion are ambitious. 

“In the third quarter of this year, we are planning to introduce the Premium package of Fundvest services to the market. Its enhanced functionality will open up even wider investment opportunities, provide access to shares of Baltic-listed companies and take consumer financial management to the next level of quality,” says Klaassen. 

Fundvest’s distinctive feature is its transparent fees, which are generally lower than its competitors. Users of the app can transact for a fixed fee of 0.35% of the value of the transaction plus a 0.5% currency exchange fee when transacting outside the eurozone. 

The mobile application operates in Android OS and iOS environments. The residents of the Baltic countries can download it to smartphones from the Google Play and App Store stores.

Fundvest is a modern, user-friendly, easy-to-manage, and transparent long-term investment platform that meets the needs of both novice and experienced investors. It is a Baltic start-up launched in Estonia in 2020 and has offices in Vilnius and Tallinn today. Fundvest is a brokerage firm licensed by the Bank of Lithuania and it started its operations at the end of last year.

Share this post

Facebook
Twitter
LinkedIn