Sproutfi
Sproutfi, previously known as Jump Invest and Sprout, is a fintech company based in São Paulo, Brazil, focused on offering investment opportunities in US stocks and ETFs to Latin American investors. The company supports a diverse investment portfolio and provides a mobile application with educational content, serving over 200,000 customers.
Company Overview
Sproutfi, formerly known as Jump Invest and Sprout, is a fintech company based in São Paulo, SP, Brazil. The company operates with a team of 17 professionals and serves regions including Brazil, Latin America, and offers remote services. Sproutfi is regulated by FINRA and is a member of SIPC, which protects investments up to $500,000. As part of Y Combinator's S21 batch, the company is committed to enhancing financial well-being and continuously improving the customer experience.
Services
Sproutfi provides a mobile application for investing, allowing users to invest in over 4,000 US companies and funds. The platform supports multiple languages, including Portuguese, Spanish, and English. Investors can start with as little as $1 USD, with no account minimums or fees for investing. The company will implement a new fee policy effective from March 18, 2024, which includes 0% commission on transactions and a $5 quarterly maintenance fee if no deposit is made within the quarter.
Investment Opportunities
Sproutfi offers a diverse investment portfolio that includes US stocks and ETFs. The platform is dedicated to providing educational content on investing and boasts a community of investors who share real-time ideas and information. This social feature allows investors to learn from each other and make informed decisions. With more than 200,000 customers, the platform is designed to cater to both new and experienced investors.
Team and Expertise
The team at Sproutfi includes professionals from reputable organizations such as Goldman Sachs, E*Trade Financial, Nubank, ING, and Wise. This diverse team brings a wealth of experience and knowledge to the company, ensuring high-quality service and innovative financial solutions. Their background in finance and technology plays a crucial role in developing the company's investment platform and enhancing customer experience.
History and Evolution
Launched in 2021, Sproutfi has undergone significant changes and growth. Initially known as Jump Invest and Sprout, the company has rebranded and expanded its service offerings over time. As part of the S21 batch of Y Combinator, Sproutfi has scaled its operations to serve more than 200,000 customers. The company's evolution reflects its commitment to improving financial well-being and delivering an exceptional investing experience to its users.