Simple and affordable investment in stocks & ETFs: neon launches neon invest
Jul 4, 2023
The rapidly growing Zurich FinTech neon is expanding its product range to include a simple and cost-effective investment opportunity in stocks and ETFs, directly from the Swiss bank account app. This offers neon's more than 160,000 users a direct alternative to national and international providers, with the aim of further reducing unnecessary barriers and costs for self-directed investing.
The neon account app now newly offers investments in stocks and ETFs
“We are very pleased to bring neon invest to the Swiss market after attractive interest rates. Our goal is to further democratize investment opportunities and offer a user-friendly platform that simplifies the path to investment for everyone,” says Jörg Sandrock, founder and CEO of Zurich Fintech company neon. “With neon invest, our users can access a diverse portfolio and confidently build their wealth - and at low costs.”
The investment solution offers the possibility to invest directly from the neon app in 224 Swiss and international stocks as well as in 65 ETFs. neon invest does not charge holding fees and offers a very simple and transparent pricing structure. Trading is done in Swiss francs with a fee per purchase or sale of 0.5% for Swiss stocks and all ETFs, and 1% for international securities. This makes neon invest particularly worthwhile for small and medium investment volumes and longer investment horizons.
New solution in partnership with Hypothekarbank Lenzburg AG and BX Swiss
The new offering was implemented with partners Hypothekarbank Lenzburg AG and BX Swiss AG, formerly known as Börse Bern. “At neon invest, we are expanding an established partnership with a new, strong partner. Together we are creating a new, cost-effective Swiss offering in a currently highly concentrated market in the interest of the customers,” says Timo Hegnauer, Head of Investment at neon. “We will leverage this strong collaboration and quickly expand the product with additional titles and features in the coming months.”
About neon neon offers a simple, user-friendly, and secure account solution as an app for all smartphones. Over 160,000 customers currently use a neon account. This makes neon the most widespread, independent Swiss solution for a cost-effective and easy-to-use smartphone account. It is managed by the neon partner Hypothekarbank Lenzburg and thus offers a deposit insurance of up to 100,000 CHF per customer. Behind neon is an experienced team with Jörg Sandrock, Simon Youssef, Julius Kirscheneder, and Patric Ammann and more than 50 employees. |
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