FRACTAL Group Invests $1 Million in Fintech Startup Finerd
Artem Borodatyuk, the founder of FRACTAL Group (formerly known as Netpeak Group), has revealed a significant investment of $1 million in the promising fintech startup, Finerd. Along with this exciting announcement, he shared insights about current job openings within the Finerd team, indicating potential growth and expansion.
Strategic Investment Driven by Expertise
In a statement, Borodatyuk discussed the strategic motivations behind the investment, highlighting the expertise of his partner, Radomir Novkovich. “We already have several successful joint ventures, where Radomir played a pivotal role as a co-founder. His unique experience spans 15 years of automating finances for a variety of businesses, from small enterprises to large corporations,” Borodatyuk elaborated. He emphasized Novkovich’s impressive track record, including his exit from a financial accounting product nearly a decade ago.
Introducing Finerd: A New Player in Fintech
Finerd is a product-driven financial technology company dedicated to revolutionizing the way individuals and businesses manage their finances. The company’s primary objective is to offer an intuitive application that caters to “financial nerds,” enabling them to maintain control over their money with accuracy and ease.
Key Features of the Finerd App
The Finerd application boasts several powerful features designed for enhanced financial management. Users can expect advanced debt management, investment and asset tracking, and comprehensive transaction processing capabilities. Moreover, the app is accessible on multiple platforms, ensuring users can manage their finances from iOS, Android, and web devices.
An Exclusive Access Model
In an intriguing approach to user access, Borodatyuk announced that entry into the Finerd platform will be by invitation only. “Even with an invitation, not everyone will be granted access—only those who pass the ‘financial nerd test,’” he stated. This selective model aims to create a community of users who are genuinely invested in financial literacy and management.
Future Launch Plans
The public launch of the Finerd application is anticipated for the end of 2025. This timeline allows for thorough testing and refinement, ensuring users receive a product that meets their expectations and needs in personal finance management.
Join the Fintech Evolution
With a clear vision and strong backing, Finerd is set to become a significant player in the fintech landscape. As they gear up for their public launch, the company invites potential users who are keen to elevate their financial management practices to keep an eye out for future announcements and opportunities to join their innovative platform.