Nico Jones

So with that said, there's the transparency piece, but I'm still going to give it to you straight of what I think about it and also probably help you understand why I kicked some money into this because I could invest it into a thousand different things as well if I wanted to, but I chose to put money and a decent amount of money into this.

So in simple terms, what is Feejo?

Well, it rounds up your everyday spending and pushes the spare change into your KiwiSaver.

Now,

My first thing when I looked at this was like, oh, okay, that's epic.

But could it go into my Sharesies account?

Could it go into my Generate Thematic Fund or my Global Fund or not?

Nah, just KiwiSaver.

At this stage, I'm like, huh, at this stage, I like those words.

I kind of think the limitation with this is people will go, oh, it's just KiwiSaver.

But really, with anything, you start somewhere and then you innovate from there.

So just as an example, I don't know if they'll do this.

And this is where I can't just be like, hey, guys, I put in a small amount of money and do a funding round.

You should build out all my cool ideas.

But

How sick would it be if you could round up your transactions and then that roundup piece goes and clears down your mortgage slightly faster?

So you might have a monthly summary of, say, $30 by the end of the month, and that's cleared down your mortgage.

And then you can go in and see, you're keying your data of what's your mortgage value, what's your interest rates, what's the term.

what's your monthly repayment, it could basically run a calculation for you and update itself of how much faster you're paying off your mortgage.

I started getting jazzed up about that.