Appreciate launches the first truly low-cost, fractional global investing platform for Indians
Investing in US Stocks Through Appreciate: Making investing in US Stocks simple and powerful with a seamless user journey and customized AI recommendations. Enabling fractional investing and offering the lowest cost to investors looking to diversify – with zero subscription, zero fixed remittance charges and zero withdrawal charges.
Appreciate, a SEBI and IFSCA registered fintech company, proudly announces its strategic collaboration with YES Securities and DriveWealth to offer a suite of investment and savings products for Indians across income groups on one platform – ranging from equity investments to savings account and fixed deposits.
Appreciate, founded by Subho Moulik (CEO), Shlok Srivastav (COO), and Yogesh Kansal (CMO), is headquartered in Mumbai and addresses the hurdles faced by Indian investors looking to invest in global markets. The platform breaks down barriers for investing outside India, from India – removing high remittance fees, hidden charges, and minimum investment amounts.
The company has created a unique and seamless one-click investing experience to access the US stock market, which has a total market capitalization of $46 trillion. With the Appreciate app, Indians can now invest in global stocks or fractions of the most valuable global stocks like Microsoft, Tesla, Alphabet, Apple and Amazon for as little as Re. 1 at an affordable low cost.
In addition to stock market gains, investing in US markets also allows investors to gain from USD appreciation. This factor alone gives investors access to additional FX appreciation linked annual returns, in addition to expected portfolio returns.
Subho Moulik, Founder and CEO of Appreciate, emphasized the platform’s commitment to helping investors, saying, “This is a huge savings and returns unlock where millions of people want to take the first step towards financial diversification but have always been deterred by high minimums, high fees and a poor experience. We have solved bottlenecks others have failed to solve to make investing in US stocks easy and low cost. With Appreciate, even a kirana store owner in Vidarbha can open a free US trading account, buy a fraction of Tesla stock for Rs. 500 or less – and participate in a growth story that has yielded over 900% returns in the past 5 years.”
Subho added, “Today, an investor needs to go to their bank, fill out an A2 form, identify and sign-up with a brokerage firm abroad, and then pay anywhere between Rs. 500 to Rs. 1,500 for the wire transfer, on top of dealing with less than ideal exchange rates. This has been a key challenge for Indian investors who want to diversify with investments abroad – a challenge that we have worked on diligently and solved.”
The Appreciate platform provides a user-friendly interface, granting investors access to a comprehensive suite of financial tools, personalized investment recommendations, and expert insights. Appreciate’s AI-recommendations engine helps customers identify the right stocks for them, based on key technical indicators and simplified research made available on the Appreciate platform, at the click of a button.
Appreciate’s future offerings will extend beyond US stocks, ETFs and bonds to Indian mutual funds, Indian stocks, fixed deposits, loans, and credit products. The company plans to rapidly accelerate its domestic product offerings over the course of the year 2024, to fulfil its vision of being the financial destination for one billion Indians to achieve their financial goals.
The company’s partners include YES Securities – a leading full service Indian broker, YES Bank – a financial powerhouse, which provides robust banking infrastructure as a banking partner, and DriveWealth, LLC, a U.S. based leader in global digital trading technology, which provides the US trading infrastructure to enable Appreciate customers to invest in the US stock market.
Appreciate has also partnered with Samhita to promote financial literacy, a key enabling step towards driving mass adoption of regular saving and investing habits.
In addition to providing a full suite of savings and investment products for consumers, Appreciate also has a strong B2B technology solution stack across investments, remittances, financial distributor management, cash management, credit sourcing, credit scoring and Gen-AI applications. The company also works with multiple financial institutions to source credit for MSMEs and bring underserved MSMEs a full suite of easy to access financial solutions across savings, investments and credit.
Appreciate’s commitment to transparency, safety, and trustworthiness, coupled with its low fees and customer-centric approach, positions it as the preferred choice for customers seeking a reliable destination to achieve their financial goals.
About Appreciate:
Appreciate is a SEBI and IFSCA registered fintech company headquartered in Mumbai, India. Founded by industry experts, the platform specializes in low-cost, fractional investing in the global stock market, providing a user-friendly interface and comprehensive financial tools for investors.
Website: www.appreciatewealth.com
Download the app: Appreciate app
About YES SECURITIES:
YES SECURITIES is a wholly owned subsidiary of YES BANK which has commenced its operations in 2013 with a clear vision to be the most preferred partner in the wealth creation journey. The Company has transformed from a transactional broker to a financial services powerhouse in a decade. The Company offers a wide array of customised financial solutions facilitating Retails, HNI/UHNIs and Institutional clients.
About DriveWealth:
DriveWealth is a global B2B financial technology platform. The platform’s core business is providing Brokerage as a Service, powering the investing and trading experiences for digital wallets, broker/dealers, asset managers, and consumer apps. DriveWealth’s APIs provide partners with a modern, extensible, and flexible toolkit to develop everything from traditional investment workflows to more innovative techniques like rounding up purchases into fractional share ownership.
About Samhita:
Samhita is a social impact focused organization. Over the last 13 years, Samhita, with its partners, has impacted 16 million Indians spanning 20 states, and improved outcomes across financial inclusion, healthcare, livelihoods and skilling.
