Today we are launching a fantastic partnership with the team at OneVest to deliver wealth management for Canadian entrepreneurs right inside the Nuula app.
Small business owners typically focus everything on their businesses, and often the wealth of their families is inextricably tied to the success of those businesses. Complicating this is that they are often solely responsible for their own wealth management. From retirement, to investing, to planning for major life events, most small business owners do not have the benefit of employer programs. In fact, according to Forbes, one third of small business owners do not have a retirement savings plan at all.
Nuula is launching a new wealth management feature to give small business owners a way to help diversify their wealth, and plan for the critical milestones in their lives like retirement, buying a home, or expanding their family.
Powered by the OneVest platform, our customers will now be able to invest like the 1%, unlocking access to a fully digital, actively managed, goals-based investment experience, personalized just to them. With this feature, Nuula now provides entrepreneurs with the tools to help grow their net worth both inside and outside their business, enabling them to fund one or more investment accounts, set goals, and track their progress. The solution is fully integrated within the app, so our customers can manage their business and their investments in one place.
It’s been a pleasure working with Amar Ahluwalia and the team at OneVest over the past few months, as we have integrated the capability of this fantastic platform into Nuula. The product will initially be available in Canada, with expansion to the US market expected later in the year.
Personal wealth management for entrepreneurs, in the palms of their hands. What’s not to love.
As always, stay tuned … lots more to come.
#investing #wealthmanagement #smallbusiness #entrepreneurship#nuularising
Mark Ruddock
Personal blog of an international FinTech executive.
Thoughts of an internationally experienced growth stage CEO and Board Member
Mark Ruddock
Personal blog of an international FinTech executive.
I'm an experienced international CEO with two successful exits and over 20 years of experience at the helm of VC backed technology and fintech startups.
I've both founded companies, and come in as a later stage CEO to help existing companies scale. My experience spans multi-country online financial services, mission critical enterprise software and consumer-focused mobile applications.
I've recently returned to the supervisory board of 4finance, after completing a year as interim CEO. At 4finance, we are leveraging deep technology and data science to build a mobile-first, customer focused business that delivers compelling financial products and services to those underserved by traditional financial institutions. Today, we are Europe’s largest online consumer lender, with over $500MM in revenue and 3,500 employees serving customers across 17 countries. The company is a proven and trusted alternative to conventional bank lending. With half the world's adult population still financially underserved, the potential is significant.
Previously I was Chairman of Finstar Labs. Our mission at Finstar Labs is to identify, invest in and help create the cutting edge user experiences, enabling technologies, and data science that will lay the foundation for the next generation of alternative financial services.
Prior to that I was Managing Director, International at Wonga, responsible for overseeing all businesses outside of the UK, including consumer lending businesses in Canada, Spain, Poland and South Africa and our eCommerce and product financing business BillPay in Germany.
Prior to that I was the CEO of Viigo, which became one of the most highly downloaded Blackberry apps of all time before being acquired by RIM (Blackberry) in 2010.
Before that I was the founder & CEO of INEA, an enterprise software company focused on the financial services industry, which was acquired by Cartesis in 2005, and is now part of SAP.
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