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Pynk

The 0% Fee wealth app, powered by Wisdom in Crowds AI

United Kingdom
Market: Financial services, Artificial Intelligence
Stage of the project: Prototype or product is ready

Date of last change: 30.06.2020
Min investment
$  150.000
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Total required
$ 2.500.000
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Idea

Throw out all your preconceived ideas of what a wealth management app should look and work like... Pynk is Unique in its technology and business model.

We provide a fully managed, high performing portfolio for 0% fee. We do so by encouraging our users to predict and forecast how the market will move. Our Ai then decides who to agree with and who not to re-balance a portfolio. This portfolio is sold to institutional investors along with market reports providing the revenue.

Current Status

30,000 users with 9.7% Average weekly growth since Jan 2019 (with zero paid marketing budget)

Monthly Active Users (MAU):11,158 Users

User CPA: £0.48

Investor Waitlist: 17,866+ (30.45%+ per month growth)

2019 portfolio return 15%
2020 (year to date) portfolio return 11%

Market

Our everyday investor target market for the 0% fee portfolio product is entrepreneurial investors aged 25-45.

However the majority of our money comes from institutional investors, B2B data sales and high net worth individuals.

The majority of our revenues will come from...

- Major global banks with $1tn+ Assets under Management (AUM)

- Family offices with $500m+ AUM

- Funds managing $500m+ AUM

Problem or Opportunity

Problem
Individuals - whether amateurs or professional fund managers - cannot outperform the market over a consistent period of time.*
Retail investors pay high fees for a poor product, while the fund managers take home a handsome profit.
Solution

Solution (product or service)

Rather than rely on any one individual subject to bias, we take the predictions and forecast data of tens of thousands from across the world.

Our AI then identifies who to listen to, at any point in time, for any given asset.

This creates the world’s first ‘Wisdom in Crowds’ managed portfolio.

Competitors

competitor matrix here: https://share.getcloudapp.com/p9uPwE9o

Advantages or differentiators

competitor matrix here: https://share.getcloudapp.com/p9uPwE9o
Primary USP Crowd and community working together to make one portfolio work better for all.
Secondary USP 0% fee full portfolio management

Finance

Financial projections here: https://share.getcloudapp.com/Wnubr4vq
More detail available on request

Business model

We charge institutions 2% management fee and 20%perfomance fee's on assets we manage
We sell our data to tier one banks and data brokerages netting £500k in revenue year-end 2020

Money will be spent on

Operations & Compliance 25%
Development & Dev Ops 40%
Marketing & Growth 45%

Offer for investor

Uk Future Fund Convertible note

£10m Val cap
20% discount
36-month term

Series A planned for 2021 @ £30m Valuation

Team or Management

Incubation/Acceleration programs accomplishment

Founder Institute Select Portfolio company
Natwest Accelerator
360 Lab Accelerator

Won the competition and other awards

- Won Best AI start-up at Malta AIBC Summit & were nominated for best FinTech
- Made it to the finals at Money 20/20
- Cited by Business Insider as a ‘top fintech to watch!’
- Won the Xcite event in Warsaw, Poland, beating 936 other start-ups to the top 4 & joining 360 Lab’s 17-week incubator in Austria
- Founders Institute named us as part of their ‘elite portfolio’ being in the top 2% of all of their startups globally
- Won the Great Pitch at Wolves Summit & followed that by making it to the semi-finals of Web Summit, the world’s biggest tech event, beating >2K other start-ups to a top 16 position
- Won the Global Innovation Award for Inclusive Investments FinTech Awards 2020 hosted by Wealth & Finance International

Photos

Photo 1 - Pynk
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video