Shivam Bharuka

Finvest - The easy way to buy US Treasury Bills

Finvest is the easiest way to buy US Treasury Bills with just a few clicks. Lock-in a 5.3% APY - an industry-leading rate to replace your high yield savings account. Your interest is secured even if the Fed lowers rates and returns are exempt from state taxes.

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Shivam Bharuka
Hey Product Hunters, Shivam here from Finvest. We are thrilled to introduce Finvest to the world! 👋 TL;DR: Finvest is the easiest way to buy US Treasury Bills. Our mission is to enable everyone to grow their wealth in a stress-free way. You can earn up to 5.3% APY through Treasury Bills and the interest earned is exempt from local or state taxes. It is a great time to take advantage of the all-time high interest rate environment. Say goodbye to clunky platforms like TreasuryDirect and Fidelity 📉 Our funding: We are an early-stage startup, backed by Y Combinator, and had one of the most viral launches in YC when we launched 2 weeks ago. Our story: In the peak of 2021, like a lot of people, we invested our money in technology stocks and cryptocurrencies because it felt like everything was just going to go up forever. It turns out the US economy was living in an anomalous time - a zero interest rate environment. Once interest rates and inflation rose, the whole market crashed. We lost a lot of money like a lot of people. We were tired of trying to beat the market, chasing hot trends, making risky short-term bets, and acting out of FOMO. With interest rates at unprecedented levels, we wanted to buy Treasury bills to take advantage of the high-interest rate environment. But all the alternative platforms felt opaque. Buying Treasury Bills on Treasury Direct or Fidelity felt like an awful experience from the 1990s. All the major banks gave us basically nothing on our cash. So we built a platform we wished that we had. We built Finvest to solve our own problem - a simple way to access the entire fixed income asset class. We want everyone to grow their wealth in a stress-free way. So why buy Treasury Bills? 💸 Interest-rates are at an all-time high since 2007! In fact, the US Treasury Bill outperforms majority of US stocks. 🏦 You pay no state or local taxes on interest earned on Treasury Bills. This is unlike your savings account. If you live in a high-tax state, this can make a HUGE difference! 🔑 Locked-in rate: Your interest rate is locked-in even if the Fed lowers interest rates. It is a great time to invest in Treasury Bills! 💰 Backed by the full faith of the US Government: Treasury Bills are one of the safest assets in the world. Our security policies: We take security very seriously. Finvest never holds your money. Your funds, investments, and Treasuries are securely held in custody and cleared through Pershing Advisor Solutions LLC, a subsidiary of the Bank of New York Mellon Corp. What’s next: We will soon launch support for CDs, corporate bonds, municipal bonds, international bonds - the whole suite of fixed income assets which you can add to your portfolio. We want your idle cash to work for you, not the other way around. Download the app and share it with your friends: https://www.getfinvest.com. We would love your feedback when you try the app!
Radu Tudosescu
It's possible to buy if you are not a native?
Shivam Bharuka
@radu_tudosescu Unfortunately, non US residents cannot invest yet but we are in the process of rolling out the app out for a few international countries. You can fill out this 30 sec form and we will reach out to you once its available in your region: https://forms.gle/QpWX6Bb1Pee81GeB9 Note: Not only US citizens but US residents for tax purposes can invest right now: https://www.irs.gov/individuals/...
Arnav Sahu
With interest rates at these levels, its a no-brainer to invest in Treasury Bills and lock in your rate before the Fed drops rates. Plus you don't pay any state taxes on interest. Super-excited to take on the world of fixed income. Hope you never to have to use Fidelity or Treasury Direct again!
Ryan Hoover
treasurydirect.gov is so bad, even for a .gov site
Matt Han
Congrats! Thanks let me know how to buy the US Treasury Bills easiest way~!
Shahmir Faisal
Congrats on the launch Shivam!
kaushik srinivasan
Congrats on the launch! Looking forward to taking advantage of high interest rates using Finvest!
Lee Fischman
Lock in 5.3 is not a business statement. The rates vary