Nico Jones

So that would be the type of KiwiSaver fund that you're in and it will try and predict out for you how much you may have as you get access to it at 65.

So

Some people have even pointed out, okay, if this gets even bigger, if economies of scale, maybe the fees will change.

Fees are always changing across everything, right?

Like look at the blowback for different investing platforms when they change their pricing.

But just want to be clear, it is not free to use.

There is a fee with using this.

So the other piece that I mentioned before is that KiwiSaver is locked into 65.

Not everybody's going to be down with that.

Great technology, but I want access to my roundups.

Do they change that?

I would just about guess that that would be on the roadmap for them.

So this isn't going to build your wealth on your own and you don't have to do anything else.

If you're just relying on roundups, you're probably playing too small and you'd be thinking bigger than that.

But again, I love that it builds habit and behavior.

And I'm sure there'll be more to come from the technology like options outside of KiwiSaver, as I mentioned.

The vision for the business is to automate wealth for New Zealand.

So I think that they're really just getting started and this is part of why I like it and I backed it because I want to see where they can take this.

Because if there's one thing that actually creates wealth over time, it's consistency.

And I think we need more companies in New Zealand building tools like this, actual tools that help everyday Kiwis save, invest, and get ahead.