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The App That Builds Your Wealth As You Spend: Feijoa Founder Mark White-Robinson
So whoever you've got your managed funds with, go into that.
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The App That Builds Your Wealth As You Spend: Feijoa Founder Mark White-Robinson
Potentially ETFs as well, as well as bank accounts and things like that.
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The App That Builds Your Wealth As You Spend: Feijoa Founder Mark White-Robinson
The ultimate plan is to get a kind of wealth automation engine in the background that
Keep The Change
The App That Builds Your Wealth As You Spend: Feijoa Founder Mark White-Robinson
It means you've always got the money you need to spend when you need to spend it, but your emergency fund's being built, you're getting your $1,000 or $1,043 into KiwiSaver to get the government contribution, then you're building your long-term wealth and your managed funds or your ETFs and potentially saving for your holiday or something like that as well.
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The App That Builds Your Wealth As You Spend: Feijoa Founder Mark White-Robinson
Yeah, we picked KiwiSaver because it's the biggest financial product in New Zealand.
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The App That Builds Your Wealth As You Spend: Feijoa Founder Mark White-Robinson
3.4 million or so people in it.
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The App That Builds Your Wealth As You Spend: Feijoa Founder Mark White-Robinson
There's like 1.6 million who don't regularly contribute.
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The App That Builds Your Wealth As You Spend: Feijoa Founder Mark White-Robinson
A million of those will get the government contribution and don't.
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The App That Builds Your Wealth As You Spend: Feijoa Founder Mark White-Robinson
So we kind of identified that really early on as a really compelling story.
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The App That Builds Your Wealth As You Spend: Feijoa Founder Mark White-Robinson
That million people, right, they're getting an instant 25% return on every dollar that we round up for them.
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The App That Builds Your Wealth As You Spend: Feijoa Founder Mark White-Robinson
So that becomes really powerful.
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The App That Builds Your Wealth As You Spend: Feijoa Founder Mark White-Robinson
Yeah, we're part of our kind of business plan and go-to-market plan is we want to build the partnerships with fund managers.
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The App That Builds Your Wealth As You Spend: Feijoa Founder Mark White-Robinson
We already started it with the KiwiSaver schemes.
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The App That Builds Your Wealth As You Spend: Feijoa Founder Mark White-Robinson
We've been around, I think, spoke to just about every scheme and said, hey, we're here, we're coming.
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The App That Builds Your Wealth As You Spend: Feijoa Founder Mark White-Robinson
This is our process.
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The App That Builds Your Wealth As You Spend: Feijoa Founder Mark White-Robinson
You're going to start seeing these little amounts coming in.
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The App That Builds Your Wealth As You Spend: Feijoa Founder Mark White-Robinson
You know, want you to be aware of it.
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The App That Builds Your Wealth As You Spend: Feijoa Founder Mark White-Robinson
So if your customers call up, you can say, you know, yes, we understand, we're aware of it.
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The App That Builds Your Wealth As You Spend: Feijoa Founder Mark White-Robinson
And then the next phase is that kind of managed funds phase.
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The App That Builds Your Wealth As You Spend: Feijoa Founder Mark White-Robinson
That's kind of where we see the next step going.