Did you know Hamsa? A new investment app created for women

Hamsa will offer an investment product that makes regular payments and is designed with women and their livelihoods in mind. The new company says that 70% of women still choose to save in cash, even though their money is getting stronger every year. It wants to close this investment gap with the app.

“Working in senior banking positions for over 24 years has given me a deep understanding of the financial challenges women face and the clear gaps in products being offered to them,” says Oksana Sivokobilska, founder of Hamsa.

“Most do not invest as high commissions, unclear products and hidden costs create uncertainty, allowing inflation to eat away at their cash savings.

“We offer one investment product and empower you to build investing habits over time through regular payments and a supportive community anyone can join,” she adds.

The investment product will consist of an exchange-traded fund (ETF) of the top 500 global companies, accessible with a subscription model of recurring investments, without needing “significant” capital or knowledge to start with.

Hamsa says it has put its business plan, core team and technology in place, with the help of Banking-as-a-Service (BaaS) partners and is currently inviting applicants on to its waitlist. – fintechfutures