Voleo Lets Friends Invest Together, Partner on Trades and More
Jana Pijak — August 18, 2020 — Business
Voleo is a social club platform for investing that lets users start their own investment club with peers. The Millennial-friendly platform follows a popular social networking format and gamifies the process of investing for both novice and experienced users.
Voleo's accompanying app boasts a simple, easy to follow interface that allows users to rally friends, pool together funds, and collaborate on trades. Additionally, the app allows users to "propose investment opportunities and make decisions by majority vote," while also sharing educational tips from Voleo's member community including news on top-performing trades and the individuals behind them.
While investing may seem daunting for beginners, Voleo's social club structure will appeal to young professionals seeking to learn as they go. Thanks to the app's collaborative investment features, the risk and uncertainty associated with investing is less prevalent as members rely on peer support while improving overall financial literacy.
Voleo's accompanying app boasts a simple, easy to follow interface that allows users to rally friends, pool together funds, and collaborate on trades. Additionally, the app allows users to "propose investment opportunities and make decisions by majority vote," while also sharing educational tips from Voleo's member community including news on top-performing trades and the individuals behind them.
While investing may seem daunting for beginners, Voleo's social club structure will appeal to young professionals seeking to learn as they go. Thanks to the app's collaborative investment features, the risk and uncertainty associated with investing is less prevalent as members rely on peer support while improving overall financial literacy.
Trend Themes
1. Social Club Investing - Opportunity to create investment platforms that allow users to start their own social investment clubs and collaborate on trades.
2. Gamified Investing - Opportunity to develop investment platforms that use gamification to make investing more engaging and approachable for novice users.
3. Collaborative Decision-making - Opportunity to build investment platforms that enable users to propose investment opportunities and make decisions by majority vote, fostering a collaborative approach to investing.
Industry Implications
1. Financial Technology (fintech) - Opportunity for FinTech companies to develop social club investing platforms and gamified investment tools.
2. Social Networking - Opportunity for social networking platforms to integrate investment features and allow users to form investment communities.
3. Education and E-learning - Opportunity for education and e-learning companies to provide financial literacy resources and educational tips for social club investors.
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