Hey Product Hunters :) First, thanks to @nivo0o0 and @eriktorenberg at Product Hunt, appreciate all the help!
Keza’s mission is to expand access of financial services to every corner of the globe. Through bitcoin, as a universal currency, a user from Lagos, Istanbul or Toronto can deposit with Keza in the exact same way. We're excited for Keza to be one of the many financial apps that can scale to more users than we've ever seen before thanks to the global nature of bitcoin. No more will amazing finance apps be restricted to just the U.S. or a select few countries 🙌
Today we're announcing that we're rolling out our public beta, we'll be sending out TestFlight invites to the first 2,000 users. If you're not one of the first 2,000 - don't worry - Keza will be on the iOS app store in the next few weeks. Sign up with your email at getkeza.com for updates!
How Does Keza Work?
With just a few taps, invest your bitcoin in a global portfolio of stocks and bonds. Choose from Keza’s optimally crafted portfolios and track your bitcoin investments over time. With no deposit minimum and low fees, Keza makes it easy to start investing from anywhere in the world.
Key Features:
- Invest in one of three portfolios: Conservative, Moderate or Aggressive.
- Deposit seamlessly using any bitcoin wallet (Coinbase, Blockchain.info, etc.) by sending to your Keza bitcoin deposit address.
- Track and watch the value of your bitcoin denominated investments in real-time.
My co-founder (@brittonstefan) and I will be on Product Hunt all day responding to questions from our booth at the LAUNCH Festival (thanks @jason!). We're huge fans of the community and have found a lot of my favorite apps here, excited to hear what you think of the app!
Cheers,
-Simon and Stefan, Co-Founders of Keza
@realsimonburns Congrats, Simon! Feels like so long ago we were hacking away on a separate cryptocurrency project. Awesome to see you continue to innovate with Bitcoin. :)
@eranshir@nivo0o0@eriktorenberg@brittonstefan@jason Eran, thank you for the support! Huge fan of Nexar and the vision (pun intended) you have for the company - if only I could emulate your amazing ProductHunt success :)
A few months ago I was speaking with @realsimonburns and he was telling me about the concept for Keza (previously Wealthcoin). A Wealthfront type of service through Bitcoin makes perfect sense.
In the developing world people don't have the type of access to banking services that we have here, let along opening a brokerage account. They do use Bitcoin, however. So having a way to invest that money and get a return on the balance is great. And it's great to see Simon and the team going after that type of market that we don't encounter everyday. 👏👏💰📈
This is amazing- and not purely from the angle of able to invest globally using bitcoin. I just appreciate the fact you've managed to tap into a vastly under-utilized resource (Bitcoin sitting in wallets). As I'm based in the UK I'm constantly jealous of my US friends using Robinhood etc as well.
One question about fees: how does your 1% AUM compare to standard rates for portfolio management? Am I misunderstanding by assuming 1% AUM/month adds up to around 11.5% or so per year?
@vijaymichalik Ah great question, it is 1% a year. So 1/12th of 1% is taken at the first of each month.
Your point about how most people keep their bitcoin sitting in wallets is the scenario that my co-founder and I found ourselves in. So we first built Keza largely to fulfill our own use case first, only after did we realize the grander vision!
Glad we're able to quell your app jealousy! Excited to hear your thoughts after using Keza, let's stay in touch. I'm simon@getkeza.com
@realsimonburns Amazing, I was sure I had misunderstood. Super competitive then! What about exposure to BTC? I assume when it's being invested it's held in Fiat so unaffected by BTC's frequent volatility?
@vijaymichalik all investments are made in bitcoin denominated indices! So on a day the SP500 goes up 2%, your allocation to the SP500 goes up 2% in bitcoin terms (ie 1BTC becomes 1.02BTC). We're aiming to launch fiat products in the medium term. Thanks for the well thought out answer, keep the feedback coming!
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