UK FinTech startup Hapi has launched a new app that is designed to aid parents in planning and investing for their children’s future.
Through the app, parents are able to open a junior stocks and shares ISA or a general investment account to help them financially manage future expenses including first home expenses, school fees and university fees.
The app, based on the age of the child and the investments and the goal selected, will then suggest the monthly financial contribution that is required and will monitor it over time to help the parents maintain the process.
Furthermore, each account opened has a link that enables grandparents, aunties, uncles, godparents and anyone else to contribute to the child’s account directly. The app is free to download, with the company taking a percentage fee on the amount invested – with the fee payable annually.
Hapi also enables its users to direct a percentage of their portfolio to themes that ‘will shape the future’. This includes investment in green energy, global access to water and healthcare innovation to name a few.
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