Beatvest was founded in 2021 by Julia Kruslin and Sophie Thurner as an educational investment platform for those interested in the stock market. The Beatvest app aims to provide the necessary knowledge for investment decisions through educational elements. In addition, a fictitious investment feature is intended to help observe investment movements and familiarize oneself with the financial market.
With this knowledge-based approach, the two founders were able to convince investors and raise 1.3 million euros. Beatvest co-founder Julia Kruslin says:
“[…] We are pleased about the high level of trust that investors have in us, because in 2022 only 1.1 percent of venture capital flowed into women-led startups.“
More retirement provision through more knowledge
The app was developed over the past year in collaboration with users, educational experts, and financial experts. It has recently been available in the Apple App Store, with plans to launch on Google Play. With its application, the Munich-based startup aims to provide support from the initial investment steps to building a portfolio for retirement savings. The goal is to enable users to make their own investment decisions by building knowledge through three-minute modules.
"Far too few people have the necessary financial education to look confidently into the future. The financial world can quickly seem overwhelming. Many people find it difficult to choose suitable investments. This leads to only a small number of people effectively securing their retirement."
explained Sophie Thurner, co-founder of Beatvest.
