Fintual
Fintual is a technology-driven investment company regulated by the Comisión para el Mercado Financiero, offering a wide range of investment services including mutual funds, retirement accounts, and stocks, with plans to expand into Mexico and list on the New York Stock Exchange.
Investment Services
Fintual offers investment services without requiring minimum amounts, making them accessible to a broader audience. The company is regulated by the Comisión para el Mercado Financiero (CMF), ensuring compliance with relevant financial regulations. Fintual provides opportunities to invest in mutual funds, retirement accounts, stocks, and corporate accounts. The platform enables investments in over 1,000 ETFs and stocks from the U.S. stock market, offering a wide range of options for diversification.
Fee Structure
Fintual charges a 1.19% annual fee on mutual funds, and for APV series investments, the fee is 0.49% annually. The fee structure is transparent and designed to be competitive within the industry. Additionally, clients can easily withdraw their investments free of charge, with funds typically available within one business day.
Technology-Driven Platform
Fintual utilizes a technology-driven platform that automates many standard financial industry processes. This includes client onboarding and investment actions, allowing for a seamless and efficient user experience. The platform’s automation capabilities help streamline operations and ensure consistency and accuracy in transactions.
Tax Implications
Investments in stocks through Fintual are subject to a 30% withholding tax on dividends or interest as per U.S. laws. This tax implication is a crucial consideration for investors looking to optimize their returns and understand their net earnings.
Expansion and Funding
Fintual has raised $15 million in a funding round led by Kaszek Ventures. With this financial backing, the company plans to expand into Mexico. Additionally, Fintual aims for a listing on the New York Stock Exchange before the end of the decade, signaling its growth ambitions and commitment to scaling its operations.