Richie Invest

An app that lets you invest with your friends

Richie is a social Investment platform developed for millennials by millennials. Create an investment goal with your friends & save together.

Reviews

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 +6 reviews
  • 1114018
    AustinEntrepreneur
    Pros: 

    Easy to use, investment incentives

    Cons: 

    Mixing friends/family with investments + saving for a trip requires pre-booking based on estimated returns - if returns not good, unfunded!

    Any tool that creates an incentive to save is a good start, however, investing is best practiced as a long term practice. Investing with friends towards a common goal (a vacation, for example), and using Richie to set a targeted portfolio value fails as a good tool under the assumption that the estimated returns are realized. What happens if you book a trip based on what Richie estimates your portfolio value will be in 6-12 months from now, and the market tanks?

    Austin has never used this product.

Discussion

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1121942
Richie RichHunter@investrichie
Hey, tell us what you think! We really need good feedback and check out the prototype demo! Join our waitlist! First 500 Free Forever.
41469
Charley Ma@charleyma · Fintech @ Plaid
Hi Ermek - This looks cool! Are you guys acting as a broker dealer with this or using another provider?
1121942
Richie RichHunter@investrichie
@charleyma we are actually SEC Registered Investment Advisor. And we are using Folio Institutional as a broker-dealer. Ohh do you happened to work for Plaid? We are planning to use many things provided by Plaid in the future. We want to incorporate some Machine Learning into decision making.
41469
Charley Ma@charleyma · Fintech @ Plaid
@ermekbsmoder I do! We should connect sometime, would love to learn more :)
1121942
Richie RichHunter@investrichie
@charleyma Definitely! I added you on Linkedin.
5537
Steve McGarry@stvmcg · Entrepreneur and coffee snob
Cool concept. This reminds me of vouch but for smaller trips/events. The network effect of these can be really powerful if done correctly. Is this available globally?
1121942
Richie RichHunter@investrichie
@stvmcg thank you Steve! It is not yet available globally however we want to make it available everywhere.
967563
Máté Farkas@mattfarkas · BizDev Pro👨🏻‍💻
Cool stuff, congrats! Would you have country restrictions (USA only), or could we access RI from the European Union too?
1121942
Richie RichHunter@investrichie
@mattfarkas US regulators are tough for foreign users, but we want to be available for people in the EU as well! Thank you for your comment