The Dutch microinvestment app Peaks is expanding to Spain and France FINTECH

Amsterdam, September 8, 2020 – After the success in the Netherlands and Germany, Dutch fintech start-up sharpen continues to expand, starting now in Spain and later this year in France. That will do sharpen The first microinvestment app in four European countries.

Make investments accessible to everyone

While many investment apps focus on active investors or people with significant wealth, Peaks looks at the bigger picture. Tom Arends, CEO of Peaks, says: “Our goal is to make investing as easy as possible so that it is accessible to all.”

With Peaks you can easily convert small amounts – such as B. Your change – regularly put aside and invest in a globally diversified portfolio of socially responsible index funds.

Europeans are concerned about their financial future

Arends sees many opportunities in the European market: “More than 80% of Europeans are worried about their financial future. Most of them struggle to save money and around two thirds do not invest, although many would like to. The investment world as we know it today is complex and mainly revolves around traders or high net worth individuals. The average consumer does not know where to start or what makes sense. Together with the often high start-up fees, the threshold for starting an investment is very high for many Europeans, ”explains Arends. “That’s a shame because if you put money aside and invest it regularly, you can build up a good nest egg in the long term. Especially when you are young and have your whole life ahead of you. “

Open banking enables Peaks to expand internationally

In 2019, Peaks became the first financial services provider in the Netherlands to receive a PSD2 license. In this way, consumers and businesses can grant third parties access to the transaction data in their payment accounts. This enables new innovative financial services such as Peaks. Thanks to the Europe-wide harmonization of this legislation, Peaks has been able to expand rapidly and offers you the opportunity to invest your change in several countries.

The Peaks app can be downloaded for free from the App Store and the Google Play Store in the Netherlands, Germany and now in Spain. The French version of the app will be available in the fourth quarter. The Peaks app has now been downloaded more than 500,000 times.

over sharpen

Peaks is the first mobile app in Europe that allows you to invest in your change. Every time you shop online or with your debit card, Peaks automatically rounds the amount up to the nearest euro. This makes investing as easy as making a card payment. Peaks has a mission: to make investments accessible to everyone. Additionally, the people behind Peaks believe it is important to protect and preserve our planet for future generations. Therefore, with Peaks you only invest in socially responsible index funds, which, among other things, are committed to sustainability. Peaks was founded in 2016 by Tom Arends, Rutger Beens and Sijbrand Tieleman. The company’s office is in Amsterdam. Rabobank is an important investor in peaks.

Read more about peaks Here

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