Arsenal football player Jorginho, known for his midfield prowess on the pitch, has turned his hand to financial investments, becoming a founding investor in Gather, a budding FinTech start-up, according to a report from the Evening Standard.
Gather, which Jorginho now holds a 10% stake in, is a trading app aimed at helping young people make more informed decisions about their financial futures. The app lets users buy into investment funds with as little as a £30 commitment, making investing an accessible prospect for a wider audience.
Offering an interface reminiscent of popular music streaming services, Gather employs a user-friendly design approach. The goal is to make the investment process as approachable and intuitive as possible. The app provides investment options into asset management giant BlackRock’s ICS Sterling Liquidity Fund, which comprises a blend of short-term securities.
The footballer’s decision to invest stems from concerns over the spending habits of his younger teammates and a desire to encourage more prudent financial choices. According to Jorginho, the funding will be used to help educate users about making savvy investment decisions and promote responsible financial planning.
With a marked increase in the number of sports celebrities promoting financial products, Gather has also secured investment from heavyweight boxer Cheavon Clarke, who will serve as an investor and ambassador.
Jorginho said, “Everyone knows my football career is short and so I want to look after me, my family and the ones that I love after I finish playing.” He added that the app is designed to help educate users about how to make the right investment calls. Jorginho plans to play a bigger role in guiding Gather’s strategy as the company grows, once he has gained a better understanding of the app’s mechanics.
This investment in Gather is not the first time Jorginho has shown interest in financial ventures. He has been outspoken about his concerns regarding wasteful spending habits among young football players, underlining the importance of finding a balance when it comes to spending and investing.
Keep up with all the latest FinTech news here
Copyright © 2023 FinTech Global
