UnitPlus teams up with Vodeno and Aion bank to launch ETF investment product

By Leandra Monteiro

UnitPlus, Vodeno, and European digital bank Aion have joined forces to give savers the opportunity to now also become investors. The trio is making this possible by helping savers invest unused money and make prospective market returns to combat inflation, all while retaining instant access to cash.

In these times of inflation, holding on to cash in savings accounts loses value. Hence the Berlin-based start-up, UnitPlus has created a product that lets one invest money as well as ‘pay with your portfolio’, with the aim of helping people access this flexible way of investing.

Fabian Mohr, CEO & Co-Founder of UnitPlus said, “A single product that lets you both invest money smartly and conveniently ‘pay with your portfolio’ is a financial revolution, and our mission is to help people easily access this flexible way of investing.”

At the beginning of May 2022, UnitPlus went live for iOS users in Germany, receiving thousands of downloads in the first days. The app is now also available Android user in the country. UnitPlus customers can invest their unused money in diversified ETF (exchange traded fund) portfolios and can pay with their portfolio by using the UnitPlus debit card through the ‘pay-with-portfolio’ mechanism, worldwide and free of charge.

“Our product development was made possible through the close partnership with Aion Bank and Vodeno, giving us access to one of the most modern banking infrastructures in Europe. We have a unique value proposition, and with one of the most innovative BaaS players in Europe as partners, we were able to bring UnitPlus to life in just over a year,” said Kerstin Schneider, CFO & Co-Founder of UnitPlus.

For the first time UnitPlus is making it possible for its user to invest their ETF portfolios rather than left lying dormant in low-interest yielding bank accounts. Further UnitPlus gives its customers access to a very accessible investment solution, with money available to use anytime the user needs it.

“UnitPlus is a great example of how fintech innovation is being powered by BaaS. We were able to make their idea a reality with the VODENO Cloud Platform and our KYC and compliance expertise. Integrating the investment and payment worlds in such an elegant way will introduce ETF investing to many more people,” said Wojciech Sass, CEO of Aion Bank.

IBS Intelligence recently reported that Tricount, a pioneer in group expense management, Aion Bank, a European licensed digital bank and Vodeno, a cloud-native Banking-as-a-Service provider, have partnered to launch Tricount’s new service, which allows its users to reimburse expenses in its app through a one-click bank transfer.