The world of financial management is undergoing a major transformation, led by digital platforms.
A digital platform that revolutionizes personal finance
Demand for personal financial management apps, wealth management software, and services has grown steadily in recent years. Technology makes digital financial management easier than ever.
Personal financial management apps are designed to help users manage their finances by tracking spending, setting budgets, and providing insights on spending habits.
These apps are becoming increasingly popular, and the US personal finance software market is projected to reach $343 million by 2026, with a compound annual growth rate of 5%.
Growing demand for wealth management services
The global wealth management market is expected to reach $5.6 trillion by 2025, with a compound annual growth rate of 5.1% from 2020 to 2025. These services provide personalized financial advice to individuals and families. They are especially useful for high net worth individuals who need more professional financial advice and guidance on investments, retirement planning, and other financial seniors.
While semi-wealthy individuals may have less wealth than high-net-worth individuals, millennials are increasing their net worth and are expected to inherit $68 trillion from their parents and grandparents, making them a significant asset for digital wealth management services. It is demographic.
A study conducted in 2023 shows that younger generations are more likely to use financial technology (fintech) apps than older generations. Specifically, 84% of people between the ages of 25 and her 34 reported using fintech apps, while only 23% of people over the age of 65 used these apps. reported that there is
Prillionaires®: A Comprehensive Digital Asset Management Solution
Prilionaire is a comprehensive digital wealth management solution This is in response to the growing demand for wealth management and personal finance software. The COVID-19 pandemic has led to a surge in the adoption of fintech solutions, and customers are increasingly turning to digital financial services. The London-based start-up has a competitive advantage to secure a slice of this market, with its mobile app that allows users to manage their assets more conveniently and efficiently. and his web-based platform.
Traditional wealth management services are often expensive and not available to everyone. That’s where digital platforms like Prilionaire came in, making it easier for individuals to access wealth management services as they were able to manage their wealth through mobile his apps and web-based platforms.
The app consolidates all financial assets and liabilities around the world, allowing users to link, sync and monitor their assets in one place while calculating their total net worth. Billionaire’s prominent features include: portfolio tracker The ability to manage investment and brokerage accounts, the ability to link retirement and bank accounts in any country, real-time mortgage and loan monitoring, property and car valuations, and the option to add cryptocurrency wallets.
Millionaires deal with the common problem of not knowing their net worth. Many people have assets and liabilities spread across different platforms, which can be difficult to track. However, Prillionaires allows users to aggregate and view their net worth, saving time and effort.
In conclusion, the demand for personal financial management apps and wealth management services is increasing and Prillionaires has filled that gap with its digital wealth tracker app, providing a more accessible and convenient way for individuals to manage their finances. I’m here.
Pre-seed start-up Prilionaire is evaluating its sources of funding to become a major fintech player in the rapidly growing wealth management market. The startup founders have a wide range of expertise and each member brings his 20+ years of experience in key Fintech areas such as finance, marketing and technology that are necessary for success.
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This article was written and distributed by Wealth of Geeks.
