Spenny is the Acorns for India. Every time a user make any digital transaction, Spenny rounds off the amount to the nearest 10 INR and invest it for them into a diversified portfolio, automatically.
400M millennials in India don’t invest because they don’t have enough time, knowledge or access to large capital. With Spenny, they just connect the card and invest every time they spend. They’re growing 67% WoW since launch, with 3,000+ users and US$15K in AUM. Indians put US$500B into their bank accounts annually. Spenny charges 1.75% average of the AUM for investments. That’s a direct ~US$9B market in India alone. Their long-term vision is to become a one-stop asset management solution for millennials.