Fintech beatvest , based in Austria and Germany, has announced securing seed financing of EUR 1. 3 million.

The early-stage VC Neosfer, which belongs to Commerzbank, the joint venture of Axel Springer and Porsche, APX, and Sino, took part in the seed round. The fintech is developing its own app with financial courses available at all times and an individual profile for users. With the application, even people who are less experienced in financial matters should have the opportunity to invest their money.

According to beatvest founder Julia Kruslin, the interest in shares and ETFs shouldn’t wane as a result of higher interest rates. In fact, due to the high inflation, financial education is more important than ever for users to effectively financially secure themselves, as stated by the beatvest representative. beatvest’s offers The goal of the fintech is to create an investment platform where even beginners can make investments easily.

The fintech plans to offer a platform supporting do-it-yourself portfolio building with education and tools. The investment modules guide users through the investment world and teach investing step-by-step. Users can choose between 2 plans, namely beatvest basic and beatvest growth, which offers additional learn-modules, summaries, and articles.

Since 2022, the app has been tested with over 100 users, and the response has been very positive. Users can join the first to get access to beatvest via their waiting list. The app will then launch exclusively for their waiting list, and said users will get the app for free.

With beatvest, users can invest from EUR 1. At the moment, users can practice with us with fictitious money until the app launches. As soon as there is an opportunity for users to build their real portfolio with beatvest, users’ money will be protected with up to EUR 100,000.

In addition, all purchases on the financial market are secured by a central institution. beatvest’s aim The two founders do not want to comment on how many users are currently being added per week. According to the beatvest founders, the fintech’s focus is not yet on growth.

The first aim is to generate a high level of retention, and to optimise the content and functions of the app in such a way that users come back regularly. beatvest does not currently offer any real savings plans. However, in the medium term, such a feature is on the startup’s roadmap.

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