UnitPlus, Vodeno, and European digital bank Aion have joined forces to give savers the opportunity to now also become investors. The trio is making this possible by helping savers invest unused money and make prospective market returns to combat inflation, all while retaining instant access to cash.

Holding onto funds in savings accounts loses value in these times of inflation. In order to assist consumers access this flexible kind of investment, the Berlin-based start-up UnitPlus has developed a platform that enables one to invest the money as well as “pay with your portfolio.”

“A single product that lets you both invest money smartly and conveniently ‘pay with your portfolio’ is a financial revolution, and our mission is to help people easily access this flexible way of investing.”

                                                                     Fabian Mohr, CEO & Co-Founder of UnitPlus.

UnitPlus launched for iOS users in Germany at the start of May 2022, garnering thousands of downloads in the first few days. The software is currently accessible to Android users in the nation. Customers of UnitPlus have the option of investing any excess funds in diversified ETF (exchange-traded fund) portfolios and using their portfolio to make purchases using the UnitPlus debit card anywhere in the world for no additional cost.

“Our product development was made possible through the close partnership with Aion Bank and Vodeno, giving us access to one of the most modern banking infrastructures in Europe. We have a unique value proposition, and with one of the most innovative BaaS players in Europe as partners, we were able to bring UnitPlus to life in just over a year,”

                                                            Kerstin Schneider, CFO & Co-Founder of UnitPlus.

For the first time, UnitPlus enables its users to invest their ETF portfolios rather than leaving them inert in bank accounts with meager interest rates. Additionally, UnitPlus offers its clients a very convenient investment option, with funds ready whenever they need them.

“UnitPlus is a great example of how fintech innovation is being powered by BaaS. We were able to make their idea a reality with the VODENO Cloud Platform and our KYC and compliance expertise. Integrating the investment and payment worlds in such an elegant way will introduce ETF investing to many more people.”

                                                                                        Wojciech Sass, CEO of Aion Bank.

In order to launch Tricount’s new service, which enables users to reimburse expenses in its app through a one-click bank transfer, the company partnered with Vodeno, a cloud-native Banking-as-a-Service provider, Aion Bank, a European licensed digital bank, and Tricount, a pioneer in group expense management.