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Fintech, backed by Rabobank, lands in Spain to facilitate investment

September 11, 2020

The fintech peaks, supported by the Dutch bank Rabobank, landed in Spain to enable investment in index fund portfolios. This was reported by the ECD.

As explained in the publication, Peaks is a mobile application available for Android and iOS that allows you to save, for example, by reversing the rounding of the purchase change.

“The company, which was founded in 2016 by Tom Arends, Rutger Beens and Sijbrand Tieleman, has been operating in the Netherlands since 2017 and in Germany since last year. It has more than half a million downloads between the two countries,” it says Items.

Fintech, backed by Rabobank, lands in Spain to facilitate investmentFintech, backed by Rabobank, lands in Spain to facilitate investment

Tom Arends, co-founder of Peaks commented:

“Despite difficult economic times, Spain is a country with great potential for us.”

It should be mentioned that The company is regulated by the Central Bank of the Netherlands and has received approval from the Dutch Financial Markets Authority and the National Securities Market Commission (CNMV) in Spain.

Indexed Portfolios

“”The company offers four indexed portfolios with different levels of risk (…). Peaks’ portfolios consist of Exchange Traded Funds (ETFs) from the managers BlackRock, UBS and DWS. The application, which can be used free of charge for the first three months, costs one euro per month up to an invested capital of 2,500 euros. Of this amount, 0.5% is paid annually on the money invested. In addition to the application costs, customers have costs for index funds and brokers that are between 0.25% and 0.33% per annum for index funds and between 0.03% and 0%. 05% for deposits, withdrawals and portfolio changes, “they stated.

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