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  • 2 years ago
Each week across the ACM network Ali and Gaby Rosenberg will offer quick tips for big wins in understanding your money. Meet the founders of the Blossom micro-investing app. 

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Transcript
00:00 I'm Ali.
00:01 I'm Gabi.
00:02 We're sisters and co-founders of Blossom.
00:05 What we're doing is democratising the fixed income market for everyday Australians.
00:09 We've created the Blossom app, which provides access to our bespoke fixed income fund called the Blossom Fund,
00:16 and we're trying to remove as many restrictions in the market as we can.
00:20 You can get started with $5 minimums, there's no sign-up, transfer or withdrawal fees,
00:25 and we're keeping withdrawals as easy as possible.
00:28 It doesn't matter if you have $250 and you're saving for a holiday,
00:32 or if you have $500,000 as you're planning for retirement.
00:36 You'll enjoy the same targeted returns, flexibility and seamless web and app experience.
00:42 We've grown to 13,000 customers across Australia,
00:45 we have more than $38 million in funds under management,
00:48 and we've posted millions of dollars in earnings to customer accounts.
00:53 Blossom helps young people save through our awesome savings functionality.
00:57 We have savings calculators, we have savings goals, we have round-ups as well,
01:02 so that you can set and track your progress.
01:05 Our savings functionality helps young people save,
01:08 because it allows you to set and forget to build really healthy financial habits.
01:12 It's like a modern-day piggy bank, because we're posting and compounding your earnings every single day.
01:18 You can get started with small amounts like $5,
01:21 and we're helping you invest regularly so that you don't lose track.
01:25 We just launched Blossom for Business,
01:27 which means that if you have a company, an entity, trust SMSF,
01:32 you too can put your capital to work and target 5.7% per annum returns.
01:37 What I enjoy most about my job is that we're really making a difference to the lives of our customers.
01:42 We get communication from them all the time,
01:45 saying that we've helped them save for a home, or an investment property, or a wedding,
01:50 even if there's an incoming baby, so it's making this experience incredibly rewarding.
01:55 What I love most about my job is working every single day with my little sister.
02:00 We have deep understanding of each other's capabilities,
02:04 we trust one another, and most of the time our interests are aligned.
02:09 I'm done.
02:11 (upbeat music)
02:13 [BLANK_AUDIO]
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