Life/Investment/Saving Plans startups from the Insurance Industry Insurtech Map

Santalucía Impulsa, the Santalucía Group's entrepreneurship and Open Innovation ecosystem, launched in June 2021 the second edition of the Insurtech map of the insurance sector, prepared together with the diary The Referent, to show the most important players in the InsurTech environment in an ecosystem that was largely affected by the pandemic. In recent times, insurtechs have become references for large insurance companies that want to adapt and get on the bandwagon of digitalization and digital transformation, essential to remain relevant to customers. Today we detail the startups included in the product category, specifically in the area of life/investment/Saving Plans, and the fact is that the decisions that are made in the economic sphere affect all aspects of our lives, so it is important to do so with knowledge. For this purpose, there are a multitude of startups dedicated to financial planning with the objective of making it easier for the user to save and invest, as well as introduce you to the world of finance and bring it closer to people who are also taking those first steps or who have more experience. We'll tell you what some of them consist of and how they work.

Arbor

Arbor It's a financial health company technologically based that provides the user with an offer of financial education, savings programs, investment products and competitive loans. It is a good ally for improve financial well-being since it has tools such as a debt calculator, a healthy lending section that refinances debt to pay less, in less time and with clear conditions and a monthly debt payment plan. But, in addition to offering healthy loans, the Arbor mobile application helps its users to save through rounding, transfers, wage savings and temporary challenges. This means that the savings rules are imposed by the user himself, either with a weekly or monthly amount or by saving a percentage of the payroll.

Balio

Balio It's a financial planning tool automated and free of charge that democratizes financial knowledge bringing it closer to everyone so that anyone is able to understand finances and the benefits they can bring in the short, medium and long term. And the fact is that having knowledge is the first step in making the right decisions when investing, that's why Balio offers a learning about investment and money Using simple courses conducted by experts which contain applicable methodologies and with which everyone can learn at their own pace and from anywhere, because they are 100% online. In addition, it has a cCommunity of people who share the same passion for finance. Here, savers and investors express their thoughts and concerns, that is, very valuable financial information that can benefit those who are taking their first steps in the investment world, as well as acquiring additional knowledge thanks to questions answered by other members of the community or by Balio's staff.

Coinscrap

Under the motto 'We bring innovation to financial products that really matter', Coinscrap It is defined as a fintech/insurtech company which provides microservices of financial planning for banks and insurance companies, extending its value proposition primarily to the public millennial.With the products it offers (Personal Finance Manager & Business Financial Manager, microservices, financial health, group savings and neobanks) Eliminate technological difficulties and offers the customer the best fintech and insurtech products with a unique user experience and a fast time to market. This startup, through its mobile application, offers users the opportunity to save through their smartphone. Thanks to a digital piggy bank that rounds up to the nearest euro any purchase that has been made with a card allows you to save according to previously set objectives. In addition, the project is driven by an Artificial Intelligence engine called COCO that allows the categorization of banking products. On top of it, Coinscrap has built a business intelligence model that allows:

• Classify income and expenses.
• Analyze the financial situation and carry out complex calculations.
• Discover knowledge and improvements in financial health

This is how Coinscrap generates new business models based on the analysis of user data and democratizes the economy through a digital tool capable of adapting to lifestyle of each person.

Finizens

Finizens It's a automated wealth manager specialist in the indexed investment most efficient and diversified in the market. It's about the reference platform for thousands of people in long-term investment management. The platform, 100% digital, has more than 100 years of accumulated experience in the investment sector. Thanks to this, it allows you to save in a simple and effective way and helps to Make savings profitable in the long term.Finizens combines the latest advances in the field of investment and technology to spread the benefits of a high-quality investment service through a internationally awarded passive management strategy.Thanks to the technology it uses and its investment algorithms, the user can benefit from a state of the art wealth management strategy and a user experience that is one of the most agile in the market. In addition, the application of the latest technological advances It has allowed the automation of investment management processes.This Madrilenian startup from financial management, known as Robo-advisor, presents a simple and effective savings plan tailored to the client's savings profile, to which a globally diversified investment portfolio is associated with the client's risk profile.

Goin

Goin is a free application designed and designed for Millenials. Through tablets and/or mobile devices, it allows save and add money automatically and invest easily without the need to have previous knowledge in finance. The objective of this application is to obtain the maximum performance through automation. In other words, it is a kind of virtual piggy bank in which the user can add money effortlessly thanks to innovative savings methods.With the technologySmart Saving, money is accumulated through small everyday gestures. In addition, if the user wants to, they can increase their savings with investment methods offered by the application, which are convenient, easy and risk-controlled. The steps to follow to enjoy Goin are as follows:

1. Define the objective: mark the goal you want to achieve, whether it's a trip, saving... The user can define as many as he wants.
2. Synchronize your bank: Regardless of the bank to which the user belongs, their data is always protected. In addition, you will receive a plan that will be 100% in line with your personal finances.
3. Accumulate money in piggy banks: the user must configure the automatic methods that best suit their objectives, and the app will save money on its own.
4. Make money grow: finally, the user can put their money to work to make it grow with investment methods and follow the progress of their objectives at all times.

Livetopic

Livetopic It's a 100% online financial advice platform which helps users to make their savings profitable quickly, easily and free of charge. This insurtech, a pioneer in the insurance sector and with the focus on bringing insurance services closer to their users, it is a priority to know the customer in order to offer them only the recommendations they need. First of all, the customer answers some questions through a form that allows the company to make a personalized analysis of your current situation. Subsequently, and thanks to its algorithm, it offers you a solution fully adapted to your needs: The coverage you need. Finally, the customer decides whether or not to go ahead with the 100% online contracting. Knowing what people need is the first step to start, which is why Livetopic offers recommendations adapted to savings, investment and protection and helps the user to know what they really need to secure their future and that of their family.

Ninety Nine

Ninety Nine It's the first Spanish digital broker constituted as a securities company supervised by the CNMV (National Securities Market Commission) and, therefore, subject to the same requirements as a banking institution. In addition, it is a member of the FOGAIN (Investment Guarantee Fund), which secures up to 100,000 euros in an account. This investment platform for the retail segment stands as the one with the lowest investment fees in Europe, being 100% simple and clear, since you only pay 0.5% for the exchange of currency. With the aim of becoming the most inclusive financial ally in the world and with the mission of democratize the financial market and make it accessible to the majority of the population, Ninety Nine makes investing simple for anyone. This innovative startup in the financial world it has a product based on a very intuitive design and interface so that the user, even if starting from scratch, can Learn by investing.Once the app has been downloaded, it only takes a few minutes to register. In addition, there is no minimum amount to start investing, just add the money, choose a company and start investing.

I think

I think It's a loyalty platform which stimulates responsible consumption through the economic prize to all consumers associated with the system who regularly use affiliated establishments. The startup, based on collaborative economy and shared consumption, allows citizens to save to supplement their pension through purchases and challenges, that is, Turn everyday purchases into pension savings.With their daily gestures, users can save cents that are added to a guaranteed savings plan. That's why Pensumo lists its services savings, social responsibility and loyalty, in addition to taking into account good citizen practices. The user should only download the app for free so that the system can make micro contributions, that is, real money, to the savings plan every time he overcomes challenges or makes a purchase at an establishment associated with Pensumo, regardless of whether it is online or physical.

Vesto

The application of Vesto Help anyone to take the best investment decisions and make your money grow more easily.The interface, simple and explained with a simple language, makes it possible for the user to move around the application without getting lost. In addition, you can explore it in detail before making your first investment to learn how it works. Thanks to the social section, the user can interact with people with similar interests, resolve their financial questions and respond to those of others. In addition to following investors and the companies in which they are investing and getting to know What is happening in the market at all times. All this through a concise and easy to understand contentIn short, Vesto offers a global financial planning service which facilitates learning about finance and makes available to anyone the possibility of invest and save in an automated way. That is, it achieves that Make money profitable be an accessible, simple, guided and fun activity. If the investment world seems like a hostile environment to you and you want to understand how it works, you are a beginner and you want to take your first steps as an investor, you have experience but you want to make the best investment decisions or you want to invest in the long term, this application is for you!

Vidahorro

With the motto “Buy as usual and retire like never”, Vidahorro It is the application that allows savings in the pension and retirement plan contracted with the insurance company AXA. Users of this app can Save real money for retirement while shopping at their favorite stores: every time a purchase is made, accrues up to 10% of the amount of such a purchase in the pension plan. As a user, how do you save for retirement by buying?

1. Select a store: choose a store from the list and select it to buy there.
2. Make the purchase: buy on the merchant's website as you've always done and make sure you don't have cookie blockers.
3. Multiply savings: Once the purchase is complete, the contribution will arrive in your account.

Son more than 140 stores those that the user can find in Vidahorro to save every time they make a purchase, and at all times they can know how much money they have accumulated in their pension plan by accessing their personal account through the app or website.