Nico Jones

Or people not ever looking into what is superannuation, like how much is that?

that becomes dangerous, right?

Because we're not thinking more about our retirement and what we may need.

So by no means am I saying, hey, you use this and you've solved all of your retirement problems.

It is just another tool in your toolbox that you can use.

And I would encourage you to think about it like that.

Now, does this cost money?

Of course.

Feature is available to anyone and is free for the first month.

After that, there's a small fee to use the Roundup feature.

Roundups after the first free month.

And also, I think they're already partnered with a KiwiSaver provider.

The fee is 0.5% of the transaction cap, 15% of the Roundup amount or 20 cents, whichever is less.

For example, if you buy a coffee for $5.50 with a Roundup set to the nearest dollar, your Roundup will be 50 cents and your fee will be 3 cents.

If your fee is less than one cent, we'll round it down to zero.

For example, if you buy something for 95 cents and if you round it up to a dollar, your roundup will be five cents and your fee will be 0.0048, which will cost you nothing.

There are rewards.

You're completely free to start enjoying the benefits today and build your future or the future of your loved ones as soon as we onboard partners.

So I think there's some stuff coming down the pipe in terms of rewards as well.

Now on the app too, it'll actually at a high level calculate what your monthly roundups may be compounding to if you give it the information of the type of risk profile that you have.