The starting capital of around EUR 1 million, is now being joined by other investors who are supporting Froots with their investments totalling EUR 2.5 million. Among the investors are Georg Kapsch (CEO Kapsch Group), Gina Goess (former CEO Credit Suisse, sA branch Austria), Adam Lessing, Head of CEE LGT Bank, and Kiril Klaturov, founder of Revetas Capital. According to a Froots representative, the fintech gives its users smart access to the capital market and private banking.
The concept behind Froots is based on the fact that the services of a private bank are made accessible to investors with small investments. Tailored to the desired risk and term, monthly amounts from EUR 150 or an initial deposit of a minimum of EUR 3,000 are invested individually in managed ETF portfolios and continuously adjusted. The company is a brand of Lifetree Asset Management.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.