Voleo Trading Systems Inc. (TSX-V: TRAD) (“Voleo”, the “Company”), is pleased to announce that its common shares will begin trading on the TSX Venture Exchange (the “Exchange”) under the symbol "TRAD" at market open, today, May 31, 2019.
VANCOUVER, BRITISH COLUMBIA, Voleo Trading Systems Inc. (TSX-V:TRAD) (the “Company”, and formerly known as Logan Resources Ltd.) is pleased to announce that it has closed the business combination of Voleo, Inc. (“Voleo”) and the Company (the “Transaction”) and the net escrowed proceeds from the previously announced offering of subscription receipts will be released to the Company. On the closing of the Transaction, the Company changed its name to Voleo Trading Systems Inc. and consolidated its issued and outstanding common shares on the basis of one post-consolidation share for every five pre-consolidation shares. Voleo, Inc. is now a wholly-owned subsidiary of the Company.
Trading of the Company’s common shares will resume at the opening on May 31, 2019 under the ticker symbol “TRAD” on the TSX Venture Exchange.
Release of Escrowed Proceeds of the Offering
The net proceeds from the previously announced Offering have been released to the Company. The net proceeds of the Offering will be used to further the business objectives of Voleo of developing and commercializing its mobile-first, web enabled, equity trading platforms, including marketing, customer acquisition, technical development, strategic partnerships and general & administrative expenses.
Closing of the Business Combination Transaction
The Company has closed the previously announced Transaction. Pursuant to the Transaction, the Company consolidated its outstanding common shares on a 5:1 basis, changed its name to “Voleo Trading Systems Inc.” and Voleo Inc. has become a wholly-owned subsidiary of the Company. The common shares of the Company will commence trading on the TSX Venture Exchange as a Tier 2 technology issuer under the symbol “TRAD” on May 31, 2019. After giving effect to the Transaction and the Offering, there will be 107,531,172 common shares of the Company issued and outstanding (calculated on a non-diluted basis).
Prior to the closing of the transaction, the Company issued 2,242,200 common shares (post-consolidation) to settle outstanding debt of $560,500 due to King & Bay West Management Corp. and 326,150 common shares (post-consolidation) to Liberty Gold Corp. to settle outstanding debt. The Company has also issued a total of 3,854,000 stock options to directors, officers, employees and consultants exercisable at $0.25 for a five year period.
New Board of Directors and Management Team
The Company welcomes a new board of directors and management team. Mark J. Morabito, Jay Sujir, Glen Wilson, Nicky Senyard, Brad Wiggins and Mark Lotz have been appointed as the new directors of the Company. Mr. Morabito has been appointed as Executive Chairman and Mr. Thomas Beattie has been appointed as Chief Executive Officer. Additional officer appointments include Kate-Lynn Genzel as Chief Financial Officer and Lara Wilson as Corporate Secretary.
Cautionary Statements
Additional information as required can be found in the Logan Management Information Circular dated May 30, 2018 (the “Information Circular”), the Short Form Prospectus dated April 17, 2019 (the “Prospectus”) and documents incorporated by reference therein and available on SEDAR at www.sedar.com or will be provided by way of a subsequent news release or material change report. Trading in the common shares of the Company on the Exchange will remain halted until such time as the requirements of the Exchange are met.
Investors are cautioned that, except as disclosed in the Information Circular and the Prospectus, and press releases of Voleo or Logan, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Logan should be considered highly speculative.
The Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.
About Voleo Trading Systems Inc.
Voleo is a Canada-based mobile fintech company that is transforming the retail investing space through its powerful, collaborative investing platform. Voleo's equity trading platform operates on native iOS and Android devices, as well as a companion web application. Voleo has increased retail investor participation in the stock market by breaking down barriers to entry, facilitating trust and improving financial literacy. The product is being white-labeled by major financial institutions around the world as an innovative product to engage, retain and acquire retail customers.
For more information on Voleo, please visit our Investor Relations website at ir.myvoleo.com.
VOLEO TRADING SYSTEMS INC.
On behalf of the Board
“Mark J. Morabito”
Executive Chairman
 |
Voleo is part of the King & Bay group of companies. King & Bay is a merchant bank that specializes in identifying, funding, developing and supporting growth opportunities in the resource, aviation, and technology sectors. |
For further information regarding this news release, please contact:
Investor Relations Contact:
KIN Communications Inc.
Caleb Jeffries, VP, Investor Relations
1-866-684-6730
This email address is being protected from spambots. You need JavaScript enabled to view it.
Cautionary Note Regarding Forward-Looking Information
Certain statements contained in this release constitute forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of applicable Canadian securities laws. Such forward-looking statements relate to future events or Voleo Trading Systems Inc’s (the “Company”) future performance and the integration of cryptocurrency trading. All statements other than statements of historical fact may be forward-looking statements. Such forward looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "budget", "plan", "continue", "estimate", "expect", "forecast", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Voleo believes the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this release should not be unduly relied upon. These forward-looking statements speak only as of the date of this release, or as of the date specified in the documents incorporated by reference into this release, as the case may be. In particular, this release contains forward-looking statements pertaining, but not limited to: expectations as to future operations of the Company, future market trends, growth opportunities, the Company’s go to market strategy, future partnerships, new initiatives and innovations of the Company, product offerings, the expected operations and performance of the Company’s business, use of proceeds of the Offering, expected user growth, and the timing of key development milestones.
With respect to forward-looking statements contained in this release, the Company has made assumptions regarding, among other thing: the accuracy, reliability and applicability of the Company’s business model; the timely receipt of governmental approvals, including the receipt of approval from regulators in Canada and the United States; the timely commencement of operations by the Company and the success of such operations; the ability of the Company to implement its business plan as intended; the legislative and regulatory environments of the jurisdictions where the Company will carry on business or have operations; the impact of competition; and the availability of financing to execute the business plan. The Company has included the above summary of assumptions and risks related to forward-looking statements provided in this release in order to provide investors with a more complete perspective on the Company’s current and future operations and such information may not be appropriate for other purposes.
Readers are cautioned that the foregoing lists of factors are not exhaustive and it would be unreasonable to rely on any such forward-looking statements and information as creating any legal rights, that the statements and information are not guarantees and may involve known and unknown risks and uncertainties, and that actual results may differ (and may differ materially) and objectives and strategies may differ or change from those expressed or implied in the forward-looking statements or information as a result of various factors. The forward-looking statements contained in this release are expressly qualified by this cautionary statement. Except as required by applicable securities laws, the Company is not under any duty and do not undertake any obligation to publicly update or revise any forward-looking statements after the date of this release or to conform such statements to actual results or to changes in the Company’s expectations and the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.
VANCOUVER, CANADA, Voleo Inc. (“Voleo”, the “Company”), is pleased to receive the 2019 Best Stock Trading App Award in the Investment Category from FinTech Breakthrough, an independent California-based organization that recognizes the top fintech companies and products in the financial services and technology industry. The award acknowledges the development and innovation that Voleo has achieved in the past year to deliver consumers a one-of-a-kind investing experience.
As a FinTech Breakthrough Award winner, Voleo will receive industry-wide recognition and co-marketing promotion through media and analyst outreach. In addition, participating in the highly-competitive Fintech Breakthrough Program builds valuable exposure to support the growth of Voleo’s organic user base in the U.S.A, where Voleo has launched its consumer-facing mobile and web investing platform. The award comes as Voleo prepares to go public through a reverse takeover transaction with Logan Resources Ltd. (see news release dated January 15, 2019 for the latest update).
“Winning the Best Stock Trading App Award represents Voleo’s success, so far, as a growing technology that combines the online brokerage model with social media. The FinTech Breakthrough Program recognizes Voleo’s ability to create the best experience for our users, making Voleo an attractive white-label solution for the banking sector, globally and especially in the U.S.A, where our subsidiary is a FINRA member,” commented Voleo CEO, Thomas Beattie. “On behalf of Voleo, I would like to thank FinTech Breakthrough and to congratulate the other award recipients who join us in the 2019 FinTech Breakthrough Program,” added Mr. Beattie.
James Johnson, Managing Director at FinTech Breakthrough, stated, “With over 3,500 nominations this year, coming in from all over the world, the FinTech Breakthrough judges, ultimately, selected Voleo for the Best Stock Trading App Award because they demonstrate a clear understanding of what will make a difference to the user investing experience, which then allows Voleo to adapt its millennial-friendly app to its B2B financial partners. Voleo was assessed by an independent panel of experts who have earned a reputation for fairness and credibility, and are committed to determining the break through winners for each award category.”
About FinTech Breakthrough
FinTech Breakthrough, part of the Tech Breakthrough Awards organization, is an independent awards and recognition platform devoted to honoring excellence in Financial Technologies and Services companies and products. The FinTech Breakthrough Awards provide public recognition for the achievements of FinTech companies and products in categories including Investments, Payments, Personal Finance, Wealth Management, Fraud Protection, Banking, Lending, RegTech, InsurTech and more.
For more information on FinTech Breakthrough, please visit http://www.FinTechBreakthrough.com.
About Voleo Inc.
Voleo is a Canada-based mobile fintech company that is transforming the retail investing space through its powerful, collaborative investing platform. Voleo's equity trading platform operates on native iOS and Android devices, as well as a companion web application. Voleo has increased retail investor participation in the stock market by breaking down barriers to entry, facilitating trust and improving financial literacy. The product is being white-labeled by major financial institutions around the world as an innovative product to engage and retain a new category of investors.
For more information on Voleo, please visit our Investor Relations website at https://ir.myvoleo.com.
Voleo has entered into an agreement, dated January 29, 2018, with Logan Resources Ltd (LGR: TSX-V) with respect to a business combination as more fully described in Logan Resources Ltd’s news release dated January 30, 2018.
ON BEHALF OF THE VOLEO BOARD
“Thomas Beattie”
Chief Executive Officer
|
Voleo Inc. is part of the King & Bay group of companies. King & Bay is a merchant bank that specializes in identifying, funding, developing and supporting growth opportunities in the technology, resource, aviation, and sectors. |
For further information regarding this press release, please contact:
Voleo Inc.
Thomas Beattie, Chief Executive Officer
Toll Free: 1-866-683-8030
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Investor Relations Website: https://ir.myvoleo.com
Follow us: @MyVoleo
Cautionary Note Regarding Forward-Looking Information
Certain statements contained in this release constitute forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of applicable Canadian securities laws. Such forward-looking statements relate to future events or Voleo Inc’s (the “Company”) future performance and the integration of cryptocurrency trading. All statements other than statements of historical fact may be forward-looking statements. Such forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "budget", "plan", "continue", "estimate", "expect", "forecast", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Voleo believes the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this release should not be unduly relied upon. These forward-looking statements speak only as of the date of this release, or as of the date specified in the documents incorporated by reference into this release, as the case may be. In particular, this release contains forward-looking statements pertaining, but not limited to: expectations as to future operations of the Company, future market trends, growth opportunities, the Company’s go to market strategy, future partnerships, new initiatives and innovations of the Company, product offerings, the expected operations and performance of the Company’s business, expected user growth, and the timing of key development milestones.
With respect to forward-looking statements contained in this release, the Company has made assumptions regarding, among other thing: the accuracy, reliability and applicability of the Company’s business model; the timely receipt of governmental approvals, including the receipt of approval from regulators in Canada and the United States; the timely commencement of operations by the Company and the success of such operations; the ability of the Company to implement its business plan as intended; the legislative and regulatory environments of the jurisdictions where the Company will carry on business or have operations; the impact of competition; and the availability of financing to execute the business plan. The Company has included the above summary of assumptions and risks related to forward-looking statements provided in this release in order to provide investors with a more complete perspective on the Company’s current and future operations and such information may not be appropriate for other purposes.
Readers are cautioned that the foregoing lists of factors are not exhaustive and it would be unreasonable to rely on any such forward-looking statements and information as creating any legal rights, that the statements and information are not guarantees and may involve known and unknown risks and uncertainties, and that actual results may differ (and may differ materially) and objectives and strategies may differ or change from those expressed or implied in the forward-looking statements or information as a result of various factors. The forward-looking statements contained in this release are expressly qualified by this cautionary statement. Except as required by applicable securities laws, the Company is not under any duty and do not undertake any obligation to publicly update or revise any forward-looking statements after the date of this release or to conform such statements to actual results or to changes in the Company’s expectations and the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.
VANCOUVER, CANADA, Voleo Inc. (“Voleo”, the “Company”), is pleased to announce that it was selected to join the 2019 Fostering Innovation Networks in a Digital Era (“FINDER”) Program at Radboud University ‒ located in Nijmegen, Netherlands. FINDER is a competitive fintech research program jointly-led by global leader in digital transformation, Atos, and Dr. H.L. Rick Aalbers, an Associate Professor in Strategy and Innovation at the Department of Business Administration of Radboud University. The program, which will highlight strategies of successful teams and enable development of new tools for the benefit of users, will commence in September 2019 and is funded by the European Union’s Horizon 2020 research and innovation program.
The goal of FINDER is to understand the role of digital innovation in the context of social interaction and organizational behaviour, and to explore digital technology for new product or market development. Voleo was one of five qualifying international companies chosen to participate in the FINDER program.
Over the years, Dr. Aalbers has conducted research for a variety of technology and banking companies including PHILIPS, BDO, Siemens, Equens, ING, Deloitte, Atos, ING and ABNAmro. His research pivots around corporate restructuring and organizational collaboration and his work was published in leading international journals, including Research Policy, Journal of Product Innovation Management, Long Range Planning and MIT Sloan Management Review. He also co-authored a variety of academic papers and the book titled, “Innovation Networks: Managing the networked organization,” published by Routledge in 2015. He received several awards for his academic contributions, including the 2012 Massachusetts Institute of Technology SMR Richard Beckhard Memorial Prize. Dr. Aalbers has served as an expert on industry panels and as a Board member of leading management journals.
Thomas Beattie, CEO of Voleo, stated, “Dr. Aalbers has extensive knowledge in the field of collaboration, and his team at FINDER are doing important work in researching and uncovering insights about organizational and consumer behaviour. There is a clear synergy between Voleo’s objectives as an emerging technology, its users’ objectives as part of a community, and FINDER’s goal of understanding social interaction in the digital age. We are especially excited to apply learnings from this study and equip our users with new tools in the coming years.”
In regard to choosing Voleo for the FINDER program, Dr. Aalbers commented, “When deciding upon the final configuration of consortium partners for the FINDER research scoping, Voleo was top of mind because of their differentiated positioning in the online brokerage industry and their unique approach to social investing. We hope to gain insights on the attitudes and investing behaviour of Voleo’s community to understand how digital innovation drives positive decision-making and what contributes to the success of interconnected investors. I look upon Mr. Beattie (CEO) as a true asset to this research initiative. We are much appreciative of the proactiveness as well as the engaged and innovative attitude showcased by Voleo’s management team as we drove the FINDER program to where we now stand.”
The FINDER program is scoped to investigate the social structures of Voleo’s users in the investment club model, and to compare investing behaviours among social investors, leveraging established academic insights to better understand the various mechanisms at play in such dynamic environment.
About the FINDER Research Program
The FINDER Research Program is a joint initiative between the Radboud University’s Nijmegen School of Management and Atos, together with various other prominent partners which include, among others, Warwick Business School, KU Leuven, University of Groningen and the Free University (Amsterdam). FINDER is the outcome of a competitive Marie Curie Research and Training Program and has received funding from the European Union’s Horizon 2020 research and innovation programme under the Marie Skłodowska-Curie grant agreement No 813095. The FINDER research scope spans industries and job functions, requiring its PhD Fellows to synthesize complex information and to approach problems nimbly in a manner that can be transferred to both academics and practitioners. It demands a sophisticated understanding of the context in which business is done, the effect of technology in driving these collaborative processes and of the stakeholders involved. FINDER’s integrated curriculum prepares to drive change at the vanguard of business and technology by challenging them to consider multiple perspectives and to create innovative solutions to problems but in such a way that they are not only profitable to business but also relevant and responsible towards society at large.
To learn more about the FINDER Research Program, please visit: https://thefinderproject.eu.
About Atos
Atos is a European IT services corporation with its headquarters in Bezons, France and offices worldwide. It specialises in hi-tech transactional services, unified communications, cloud, big data and cybersecurity services. It specialises in hi-tech transactional services, unified communications, cloud, big data and cybersecurity services. Atos is a global leader in digital transformation with 120,000 employees in 73 countries and annual revenue of € 13 billion. European number one in Cloud, Cybersecurity and High-Performance Computing, the Group provides end-to-end Orchestrated Hybrid Cloud, Big Data, Business Applications and Digital Workplace solutions through its Digital Transformation Factory, as well as transactional services through Worldline, the European leader in the payment industry. Atos operates under the brands Atos, Atos Syntel, Unify and Worldline and is listed on the CAC40 Paris stock index.
To learn more about Atos, please visit https://atos.net.
About Voleo Inc.
Voleo is a Canada-based mobile fintech company that is transforming the retail investing space through its powerful, collaborative investing platform. Voleo's equity trading platform operates on native iOS and Android devices, as well as a companion web application. Voleo has increased retail investor participation in the stock market by breaking down barriers to entry, facilitating trust and improving financial literacy. The product is being white-labeled by major financial institutions around the world as an innovative product to engage and retain a new category of investors.
For more information on Voleo, please visit our Investor Relations website at https://ir.myvoleo.com.
Voleo has entered into an agreement, dated January 29, 2018, with Logan Resources Ltd (LGR: TSX-V) with respect to a business combination as more fully described in Logan Resources Ltd’s news release dated January 30, 2018.
ON BEHALF OF THE VOLEO BOARD
“Thomas Beattie”
Chief Executive Officer
|
Voleo Inc. is part of the King & Bay group of companies. King & Bay is a merchant bank that specializes in identifying, funding, developing and supporting growth opportunities in the technology, resource, aviation, and sectors. |
For further information regarding this press release, please contact:
Voleo Inc.
Thomas Beattie, Chief Executive Officer
Toll Free: 1-866-683-8030
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Investor Relations Website: https://ir.myvoleo.com
Follow us: @MyVoleo
Cautionary Note Regarding Forward-Looking Information
Certain statements contained in this release constitute forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of applicable Canadian securities laws. Such forward-looking statements relate to future events or Voleo Inc’s (the “Company”) future performance and the integration of cryptocurrency trading. All statements other than statements of historical fact may be forward-looking statements. Such forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "budget", "plan", "continue", "estimate", "expect", "forecast", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Voleo believes the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this release should not be unduly relied upon. These forward-looking statements speak only as of the date of this release, or as of the date specified in the documents incorporated by reference into this release, as the case may be. In particular, this release contains forward-looking statements pertaining, but not limited to: expectations as to future operations of the Company, future market trends, growth opportunities, the Company’s go to market strategy, future partnerships, new initiatives and innovations of the Company, product offerings, the expected operations and performance of the Company’s business, expected user growth, and the timing of key development milestones.
With respect to forward-looking statements contained in this release, the Company has made assumptions regarding, among other thing: the accuracy, reliability and applicability of the Company’s business model; the timely receipt of governmental approvals, including the receipt of approval from regulators in Canada and the United States; the timely commencement of operations by the Company and the success of such operations; the ability of the Company to implement its business plan as intended; the legislative and regulatory environments of the jurisdictions where the Company will carry on business or have operations; the impact of competition; and the availability of financing to execute the business plan. The Company has included the above summary of assumptions and risks related to forward-looking statements provided in this release in order to provide investors with a more complete perspective on the Company’s current and future operations and such information may not be appropriate for other purposes.
Readers are cautioned that the foregoing lists of factors are not exhaustive and it would be unreasonable to rely on any such forward-looking statements and information as creating any legal rights, that the statements and information are not guarantees and may involve known and unknown risks and uncertainties, and that actual results may differ (and may differ materially) and objectives and strategies may differ or change from those expressed or implied in the forward-looking statements or information as a result of various factors. The forward-looking statements contained in this release are expressly qualified by this cautionary statement. Except as required by applicable securities laws, the Company is not under any duty and do not undertake any obligation to publicly update or revise any forward-looking statements after the date of this release or to conform such statements to actual results or to changes in the Company’s expectations and the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.
VANCOUVER ‒ Voleo Inc. (“Voleo”, the “Company”), is pleased to announce it has joined with Nasdaq to promote financial literacy and market access through a continued engagement with students.
Voleo and Nasdaq will collaborate to engage university students across North America to compete in a Student Equity Trading Competition, where winners can win cash prizes, and a chance to attend a Market Open at the Nasdaq MarketSite in Times Square, New York.
The Equity Trading Competition introduces university students to the stock market and creates opportunities for practical experience in investing in equities. Using Voleo’s SimuTrader platform, the clubs will manage simulated portfolios of $1 million. The competition enables investor/trader teams of three or more to form or join an investing club on Voleo, and leverage Nasdaq Basic Data to power the investment decisions.
The competition ends in April 2019. In addition to their share of the $5,000 cash prizes and portfolio bonuses, the top teams and investors will be hosted by Nasdaq for a tour of their Market Site and Market Open in Times Square, New York.
Voleo and Nasdaq introduced the competition with impressive results in 2017-18. Winning teams achieving between 15% and 37% in returns over the inaugural competition’s two-month duration. Following the success shown by the participation and enthusiasm for the stock market, the competition has been established as an annual event.
“We are thrilled to team up with Nasdaq to provide students with an opportunity to invest in their futures,” stated Thomas Beattie, CEO of Voleo. “We understand that there’s a steep learning curve to understanding financial markets, and our organizations are both strong believers in building financial literacy. The social experience and gamification of our platform have helped students build confidence in the financial markets, and we’ve made updates to the product that really make investing fun,” commented Mr. Beattie.
Michael Taylor, Director of Global Information Services at Nasdaq, stated, “At Nasdaq, our mission includes encouraging greater market participation through education and access to market data. We believe that Voleo’s SimuTrader platform, combined with Nasdaq data, will provide students with a real investing experience that is innovative and social.”
About Voleo Inc.
Voleo is a Canadian-based mobile fintech company that is transforming the retail investing space through its powerful, collaborative investing platform. Voleo's equity trading platform operates on native iOS and Android devices, as well as a companion web application. Voleo has increased retail investor participation in the stock market by breaking down barriers to entry, facilitating trust and improving financial literacy. The product is being white-labeled by major financial institutions around the world as an innovative product to engage and retain a new category of investors.
For more information on Voleo, please visit our Investor Relations website at https://ir.myvoleo.com.
Voleo has entered into an agreement, dated January 29, 2018, with Logan Resources Ltd (LGR: TSX-V) with respect to a business combination as more fully described in Logan Resources Ltd’s news release dated January 30, 2018.
ON BEHALF OF THE VOLEO BOARD
“Thomas Beattie”
Chief Executive Officer
|
Voleo Inc. is part of the King & Bay group of companies. King & Bay is a merchant bank that specializes in identifying, funding, developing and supporting growth opportunities in the technology, resource, aviation, and sectors. |
For further information regarding this press release, please contact:
Voleo Inc.
Thomas Beattie, Chief Executive Officer
Toll Free: 1-866-683-8030
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: https://ir.myvoleo.com
Follow us: @MyVoleo
Cautionary Note Regarding Forward-Looking Information
Certain statements contained in this release constitute forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of applicable Canadian securities laws. Such forward-looking statements relate to future events or Voleo Inc’s (the “Company”) future performance and the integration of cryptocurrency trading. All statements other than statements of historical fact may be forward-looking statements. Such forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "budget", "plan", "continue", "estimate", "expect", "forecast", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Voleo believes the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this release should not be unduly relied upon. These forward-looking statements speak only as of the date of this release, or as of the date specified in the documents incorporated by reference into this release, as the case may be. In particular, this release contains forward-looking statements pertaining, but not limited to: expectations as to future operations of the Company, future market trends, growth opportunities, the Company’s go to market strategy, future partnerships, new initiatives and innovations of the Company, product offerings, the expected operations and performance of the Company’s business, expected user growth, and the timing of key development milestones.
With respect to forward-looking statements contained in this release, the Company has made assumptions regarding, among other thing: the accuracy, reliability and applicability of the Company’s business model; the timely receipt of governmental approvals, including the receipt of approval from regulators in Canada and the United States; the timely commencement of operations by the Company and the success of such operations; the ability of the Company to implement its business plan as intended; the legislative and regulatory environments of the jurisdictions where the Company will carry on business or have operations; the impact of competition; and the availability of financing to execute the business plan. The Company has included the above summary of assumptions and risks related to forward-looking statements provided in this release in order to provide investors with a more complete perspective on the Company’s current and future operations and such information may not be appropriate for other purposes.
Readers are cautioned that the foregoing lists of factors are not exhaustive and it would be unreasonable to rely on any such forward-looking statements and information as creating any legal rights, that the statements and information are not guarantees and may involve known and unknown risks and uncertainties, and that actual results may differ (and may differ materially) and objectives and strategies may differ or change from those expressed or implied in the forward-looking statements or information as a result of various factors. The forward-looking statements contained in this release are expressly qualified by this cautionary statement. Except as required by applicable securities laws, the Company is not under any duty and do not undertake any obligation to publicly update or revise any forward-looking statements after the date of this release or to conform such statements to actual results or to changes in the Company’s expectations and the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.
VANCOUVER, CANADA, Voleo Inc. (“Voleo”, the “Company”), is pleased to announce strong growth in both user activity and trading. Trading activity, in particular, increased by 43% on our social stock-trading platform from December 2018 to January 2019 and has seen impressive month-on-month assets under management (AUM) growth of nearly 12% from a completely organic user base since January 2018, during a period where markets were effectively flat.
Voleo is a fintech company that lets users trade and share investment decisions either as individuals or through investment clubs. Voleo is the first and only investment app to truly combine the online brokerage model with social media. On the Voleo app, users can virtually create and manage an investment portfolio and make trade decisions by majority vote. In addition, the collaborative investment model gives users access to more capital in order to build diversification in their portfolio. Voleo’s wholly-owned broker-dealer US subsidiary is a FINRA member registered with the SEC in the United States. Voleo offers its equity investment platform for white-label to financial institutions both in the US and internationally.
Voleo’s CEO, Thomas Beattie, commented, “Four years of R&D have gone into the development of our iOS and Android apps, and we’re proud to have seen steady user growth since soft-launch in 2017. Currently, we have amassed thousands of users across mobile platforms with a 70% conversion rate on invitations and each club having an average of 9 members and growing. Voleo’s emphasis on teamwork and collaboration has allowed the platform to become an excellent referral engine for building and achieving financial goals amongst social cohorts.”
Voleo’s Marketing Director, Alana Levine, added, “Our solution is completely unique in the market and has identified an opportunity which no other brokerage directly addresses. We’ve validated our product-market fit and confirmed that users want to share financial knowledge in a safe place through their personal networks. When it comes to user engagement, we couldn't have asked for more.”
The nature of Voleo’s capabilities has also sparked the interest of financial institutions globally who risk losing customers and market share to digital-first incumbents. Nicky Senyard, Voleo’s newest board member and former CEO of Income Access (Acquired by Paysafe for $30M US), has been brought on to lead strategic partnerships and business development. According to Nicky, “What originally attracted me to Voleo was the versatility of the platform and its powerful engine. Having established B2B partnerships with banks, we’ve seen that we can help address a real point of pain in the financial services space. This is the starting point for the mainstream adoption of Voleo’s social trading capabilities.
About Voleo Inc.
Voleo is a Canada-based mobile fintech company that is transforming the retail investing space through its powerful, collaborative investing platform. Voleo's equity trading platform operates on native iOS and Android devices, as well as a companion web application. Voleo has increased retail investor participation in the stock market by breaking down barriers to entry, facilitating trust and improving financial literacy. The product is being white-labeled by major financial institutions around the world as an innovative product to engage and retain a new category of investors.
For more information on Voleo, please visit our Investor Relations website at https://ir.myvoleo.com.
Voleo has entered into an agreement, dated January 29, 2018, with Logan Resources Ltd (LGR: TSX-V) with respect to a business combination as more fully described in Logan Resources Ltd’s news release dated January 30, 2018. Further details regarding the timing for the closing of that transaction and the associated financing will be announced when finalized.
ON BEHALF OF THE VOLEO BOARD
“Thomas Beattie”
Chief Executive Officer
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Voleo Inc. is part of the King & Bay group of companies. King & Bay is a merchant bank that specializes in identifying, funding, developing and supporting growth opportunities in the technology, resource, aviation, and sectors. |
For further information regarding this press release, please contact:
Voleo Inc.
Thomas Beattie, Chief Executive Officer|
Toll Free: 1-866-683-8030
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Investor Relations Website: https://ir.myvoleo.com
Follow us: @MyVoleo
Cautionary Note Regarding Forward-Looking Information
Certain statements contained in this release constitute forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of applicable Canadian securities laws. Such forward-looking statements relate to future events or Voleo Inc’s (the “Company”) future performance and the integration of cryptocurrency trading. All statements other than statements of historical fact may be forward-looking statements. Such forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "budget", "plan", "continue", "estimate", "expect", "forecast", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Voleo believes the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this release should not be unduly relied upon. These forward-looking statements speak only as of the date of this release, or as of the date specified in the documents incorporated by reference into this release, as the case may be. In particular, this release contains forward-looking statements pertaining, but not limited to: expectations as to future operations of the Company, future market trends, growth opportunities, the Company’s go to market strategy, future partnerships, new initiatives and innovations of the Company, product offerings, the expected operations and performance of the Company’s business, expected user growth, and the timing of key development milestones.
With respect to forward-looking statements contained in this release, the Company has made assumptions regarding, among other thing: the accuracy, reliability and applicability of the Company’s business model; the timely receipt of governmental approvals, including the receipt of approval from regulators in Canada and the United States; the timely commencement of operations by the Company and the success of such operations; the ability of the Company to implement its business plan as intended; the legislative and regulatory environments of the jurisdictions where the Company will carry on business or have operations; the impact of competition; and the availability of financing to execute the business plan. The Company has included the above summary of assumptions and risks related to forward-looking statements provided in this release in order to provide investors with a more complete perspective on the Company’s current and future operations and such information may not be appropriate for other purposes.
Readers are cautioned that the foregoing lists of factors are not exhaustive and it would be unreasonable to rely on any such forward-looking statements and information as creating any legal rights, that the statements and information are not guarantees and may involve known and unknown risks and uncertainties, and that actual results may differ (and may differ materially) and objectives and strategies may differ or change from those expressed or implied in the forward-looking statements or information as a result of various factors. The forward-looking statements contained in this release are expressly qualified by this cautionary statement. Except as required by applicable securities laws, the Company is not under any duty and do not undertake any obligation to publicly update or revise any forward-looking statements after the date of this release or to conform such statements to actual results or to changes in the Company’s expectations and the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.
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February 16, 2019 (Vancouver Sun) and February 17, 2019 (Vancouver Province)
Trading stocks from the palm of your hand; Voleo’s DIY app revolutionizes the wealth management industry
By Paula Arab
A Canadian “fintech” company is revolutionizing the wealth management industry with its patented technology that empowers do-it-yourself investors and targets millennials.
Vancouver-based Voleo’s user-friendly mobile app enables investors to build and manage individual portfolios or start an investment club. The company is a regulated broker dealer in the U.S., with membership in both regulators -- the Financial Industry Regulatory Authority and the Securities Exchange Commission -- not an easy feat to achieve. Voleo (Investor Relations website https://ir.myvoleo.com/ and B2C site www.myvoleo.com) is now preparing to go public as early as March, after an initial public offering was issued in Canada earlier this year.
A fun and collaborative gaming-like app, the technology has led to a revival of investment clubs. Members, who aren’t necessarily geographically located in the same place, can digitally connect, propose stocks, vote democratically on stock picks and instantly make the purchase. They can also measure their stock performance through Voleo’s patented Definitive Return On Investment Decisions (DROID) technology.
The investor platform is already live in the U.S., operating as a business-to-consumer (B2C) financial services technology company (fintech) targeting retail investors. With only a soft-launch in 2017, Voleo already has thousands of U.S. customers and is growing at a record pace of 20 per cent on average growth in new users per month, which include individual account holders and members of investment clubs.
“The scalability of our technology makes it a compelling opportunity, along with the fact that we can greatly increase the number of customers we have in our channels,” says Beattie, a former investment banker who believes Canada’s six big banks are missing out on opportunities to increase market share because they have few incentives to innovate.
“Voleo’s DROID technology is highly applicable to anything where people are betting on outcomes because it allows us to measure those outcomes,” said Beattie.
The patent has been filed and is awaiting approval, after which it can be leveraged to other industries, including an independent cryptocurrency platform, which is already in development, and gaming platforms for sports betting, eSports and fantasy sports apps, all of which have been conceptualized. And once the company goes public, it will have raised $5 million in financing to market and scale the business.
Under the B2C financial model, Voleo charges a $12 fee per trade and takes 80 per cent of that as gross margin. But the real revenue will come from its B2B model – namely partnerships with banks, such as that announced in December with OP Financial Group, the largest financial services group in Finland. The B2B model is a turn-key, white-label service. Voleo builds the platform, in this case for the European market, and the app will be marketed under OP Financial’s name and brand.
A similar partnership with one of Canada’s Big Six banks should be announced within the year, after which the app will be available to Canadians, said Beattie, adding such partners “will be a big factor of our future growth.”
“There’s no doubt the financial landscape is changing and it’s exciting to be part of it,” says Alana Levine, Voleo’s marketing director, who was first a Voleo investor before being hired for her impressive background in B2B business development.
“I saw a massive opportunity for Voleo to partner with financial institutions looking for ways to engage their less-active investing demographics.”
They’re largely millennials. Study after study shows Generation Y carries some form of debt but has little financial literacy. The majority refuse to seek professional help, turning instead to Google or friends.
It’s this group that Voleo is well-suited to serve.
“We’ve created a digital environment that hasn’t existed before, where communities of new or experienced investors can interact, discuss, collaborate and learn from each other, and build confidence in the process,” said Levine. “Voleo is an ideal entry point.”
After the financial meltdown of 2008, many people became disillusioned with the financial markets, distrustful of investment advisers and cynical about the wealth management industry.
A lack of trust in traditional investing, fear of not knowing how to invest, cost and a misbelief that one needs a certain amount of capita are all barriers Voleo addresses “in a safe place, where investing costs are shared among friends and people you trust, and where you can kick-start your wealth growth by learning directly from others,” said Levine.
Dawna Willis, a 47-year-old nurse practitioner from West Tennessee, is one investor who has found a safe haven in Voleo. She belongs to two investment groups –
Stocks and Stilettos, and Ambrose Bailey Investments. The former club invited her to join, the latter she founded for her family members and named after her grandparents.
“I have gained through Voleo a new-found confidence in investing in the stock market and creating financial goals for myself and my family,” said Willis, the mother of two children, the oldest of whom is in college. “Because of the ease of use with this app, I have invested in courses to learn about more advanced investing techniques, like options and day-trading.”
She also likes the app’s low-fee structure, its user interface, the option to start trading in a simulation account before going live, and the ability to log into the app and have all of the portfolio’s stats at her finger tips. For instance she can track transactions, contributions, what participant owns how much, and the portfolio’s gains or losses by day, week, month or year.
Beattie, 37, wishes such an app existed when he was starting out. Back then he tried to get his friends to form an investment club when they were all in their 20s, but couldn’t get them interested enough to fill out the “mountains of paperwork.”
Thus, some of his buddies today, still don’t invest. And more than how much you know about investing, or how good you are at picking stocks, it’s starting to invest early – and doing so consistently throughout your life – that will make the biggest difference, he said.
Beattie’s biggest stock tip:
“Beating the market is less important to your financial future than if you start investing at 21 instead of 41. Slightly under-performing or over-performing won’t change anyone’s
life but starting at 21 instead of 41 will.”
Voleo converts savers into investors and research find that billions of dollars sit dormant in personal savings accounts.
SIDEBAR
Voleo’s Milestones:
• Filed its patent for DROID technology in 2016 and is awaiting approval.
• Became a member of the U.S.’s Financial Industry Regulatory Authority in mid-2017, making Voleo a regulated broker.
• Official soft-launch in the U.S. in 2017.
• Announced its first B2B partnership in December 2018 with OP Financial Group of Finland, expanding into the European market.
• Collaborates with both Nasdaq in the U.S. and Canada’s TSX, offering trading competitions to students in both countries.
VANCOUVER, CANADA, Voleo Inc. (“Voleo”, the “Company”), is pleased to announce it is strengthening its B2B capabilities in collaboration with its future partners, including OP Financial Group (“OP”), the largest financial services group in Finland.
VANCOUVER, CANADA, Voleo Inc. (together with its subsidiaries “Voleo”, the “Company”), is pleased to announce that it has added five new features to its mobile investing app. Launched on iOS, Android and web applications in 2017, Voleo provides retail investors a gamified, digital platform to propose and vote on publicly-listed stock trades. As a FINRA member registered with the SEC as a broker dealer across the USA, Voleo is continuously refining its cutting-edge technology while preparing to bring its award-winning platform to the public markets.
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VANCOUVER, CANADA, Logan Resources Ltd. (TSXV: LGR) (“Logan” or the “Company”) and Voleo Inc. (“Voleo”), are pleased to announce that Nicky Senyard has joined Voleo’s Board of Directors. The appointment became effective earlier this month and expands the Voleo Board to five members. Ms. Senyard will also become a Director of the Company upon the closing of the business combination transaction between Voleo and the Company (the “Transaction”) detailed in the news releases by the Company on January 30, 2018, March 5, 2018 and August 27, 2018.
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VANCOUVER, BRITISH COLUMBIA, Logan Resources Ltd. (TSXV:LGR) (the “Company” or “Logan”) is pleased to announce that it has filed a preliminary short form prospectus (the “Preliminary Prospectus”) dated January 11, 2019 in each of the provinces of Canada (except Québec) in connection with a proposed offering of subscription receipts of the Company (each, a “Subscription Receipt”) to raise gross proceeds of $5 million (the “Offering”). The Offering is being conducted as a closing condition of the business combination of Voleo, Inc. (“Voleo”) and the Company (the “Transaction”) detailed in the news releases by the Company on January 30, 2018, March 5, 2018 and August 27, 2018.
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VANCOUVER, BRITISH COLUMBIA, Logan Resources Ltd. (TSXV:LGR) (the “Company” or “Logan”) is pleased to announce that it has filed a preliminary short form prospectus (the “Preliminary Prospectus”) dated January 11, 2019 in each of the provinces of Canada (except Québec) in connection with a proposed offering of subscription receipts of the Company (each, a “Subscription Receipt”) to raise gross proceeds of $5 million (the “Offering”). The Offering is being conducted as a closing condition of the business combination of Voleo, Inc. (“Voleo”) and the Company (the “Transaction”) detailed in the news releases by the Company on January 30, 2018, March 5, 2018 and August 27, 2018.
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HELSINKI, FINLAND, Voleo Inc. (“Voleo”, the “Company”), a mobile-first investment platform company and its executive team, have arrived in Helsinki, Finland for a four-day intensive Co-alignment Week to create and present a pilot proposal to OP Financial Group (“OP”) – Finland’s largest financial services group, seeking start-ups and scale-ups to partner with and create new and innovative wealth management solutions to its almost 5 million customers in Finland.
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Our 2nd annual Voleo NASDAQ equity trading competition is back! We’re collaborating with NASDAQ to host the ultimate school year-long investing competition, where university students across the United States can team up and compete against one another for a chance to win generous money prizes, visit the NASDAQ HQ in NYC, and more! We started
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The post Join the 2018/2019 Voleo NASDAQ Equity Trading Competition! appeared first on Voleo.
Sharper insights = smarter investing. That’s why we aim to create quality content on investing and personal finance topics that inspire our readers. Here is July’s collection of articles from the Voleo content library to help you make better, more informed investment decisions. 45 Free Online Resources to Learn About Investing A varied collection of free
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The post Top 3 Investing Insights of July 2018 appeared first on Voleo.
The day you threw your cap in the air and rejoiced about graduating was likely accompanied by a short-lived feeling of euphoria and relief. When your cap came back down to the ground and reality set in, you might have experienced the sinking feeling of, what now? Combine that thought with a crushing average of
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The post Should You Invest with Student Loan Debt? appeared first on Voleo.
The day you threw your cap in the air and rejoiced about graduating was likely accompanied by a short-lived feeling of euphoria and relief. When your cap came back down to the ground and reality set in, you might have experienced the sinking feeling of, what now? Combine that thought with a crushing average of
+ Read More
The post Should You Invest When You Have Student Loan Debt? appeared first on Voleo.
Investing with a robo-advisor is a massively popular alternative to having an actual financial advisor, but is it a good alternative to investing your own money? Slowdown. What’s a robo-advisor? Basically, it’s a service where you put your money in an account and sit back while a computer makes all the investment decisions. These platforms
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The post Self-Directed Investing Vs. Robo-Advisors: Where Should You Put Your Money, and Why? appeared first on Voleo.
Each dollar you invest is an opportunity to improve your portfolio’s performance. For some investors, making smarter investment decisions provides an opportunity to pursue short-term gains with higher risk portfolios. For others, intelligent investing can progress investments for the long-term with mitigated risk. Whichever investment strategy you prefer, your investment decisions ultimately determine how well
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The post 5 Smart Ways to Make Better Investment Decisions appeared first on Voleo.
Invest in the stock market with less risk and less time by buying exchange traded funds (ETFs). If you aren’t comfortable choosing individual companies and buying individual stocks, ETFs are the ideal way to invest. ETFs provide great diversification and require very little monitoring. There are of course trade-offs that we will get into, but first…
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The post What is an ETF? appeared first on Voleo.
A great stock watchlist allows you to spend less time getting your portfolio to the next level. What is a watchlist? A stock watchlist is a list of stocks that you monitor because you are interested in buying them once they meet a certain investment criteria; this list allows you to make more informed and
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The post How You Can Drastically Improve Your Portfolio with a Stock Watchlist appeared first on Voleo.
Financial literacy and intelligent investing go hand-in-hand. Take the quiz below to put your financial literacy skills and investment knowledge to the test!
The post Can You Ace This Financial Literacy Quiz? appeared first on Voleo.
After a year in a savings account your hard-earned $1,000 will earn an extremely dissatisfying 60¢. You know better than to leave all your money in an account earning 0.06%, so you are now faced with the daunting task of creating an investment portfolio. Assuming you already know how to get money into an investment
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The post How to Invest $1000 in the Stock Market Today appeared first on Voleo.
Investing in the stock market can feel confusing, intimidating, and complicated at best. There are plenty of reasons you might feel like this, and you’re not alone! Good news is, it’s not as scary or inaccessible as it may seem. With some basic education and practice, you can gain confidence investing in the stock market,
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The post 45 Free Online Resources to Learn About Investing appeared first on Voleo.
When you’re feeling overwhelmed with work or burdened with family problems, who do you go to first? Your friends. From discussing new business ideas to deciding which condo to rent, friends are often the first people we turn to first when we’re needing an honest opinion from someone we relate to and who we’re comfortable
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The post How To Talk To Your Friends About Money and Finance appeared first on Voleo.
If you’ve ever worked on a team project, you understand the value of collaboration. Whether you’re strategizing on the best way to handle a difficult client or working together to meet a stressful deadline, there’s strength in numbers. Regardless of the project, when a group of people with diverse skills and interests work towards a
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The post What Is An Investment Club? appeared first on Voleo.
If you’ve ever played on a sports team, you understand the power of working together towards a common goal. Whether you’ve assisted a goal in soccer or collaborated on a strategic volleyball play, you can appreciate that better decisions are often made as a group. While Steph Curry might be an all-star on his own,
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The post 7 Reasons Why Investing Is Better With Friends appeared first on Voleo.
People often make purchases without thinking twice. Think about your morning coffee, for example. While convenience is important, you might not realize that buying a $5 latte every morning can add up to an extra $100 per month, or $1200 per year. Budgeting is a smart way to consider your financial priorities and adjust your
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The post 5 Steps To Create A Budget That Works appeared first on Voleo.
There seems to be an unfair amount of negativity and criticism surrounding young investors with limited experience. Truth is, the biggest difference that separates beginner and intermediate investors is the mistakes they make. Not because seasoned investors don’t make mistakes, but rather, they’ve used their past experiences to learn and grow from the mistakes they’ve
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The post 3 Common Investing Mistakes To Avoid appeared first on Voleo.
Investment clubs are designed to make investing a fun, social, and collaborative experience. Each investment club is made up of a unique blend of individuals who tend to take on different investor personalities. Through a short round of questions, determine which investment club member you are; then, use the results to devise a strategy tailored to
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The post Which Investment Club Member Are You? appeared first on Voleo.
Rebalancing is the process of buying and/or selling assets to adjust the weights of investments in a portfolio. The purpose of rebalancing your portfolio is to align your investments with your optimal allocation strategy in order to reach your financial goals. Your investment strategy should be established before you start investing and should be based
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The post How To Rebalance Your Portfolio appeared first on Voleo.
If you remember Facebook’s IPO back in 2012, you might also remember its rocky start. For an entire year, Facebook’s stock performed poorly, with heavy criticism of the slow adoption rates of the social platform. During that time, you can understand how the technical hiccups and skepticism surrounding Facebook’s profitability might have influenced shareholders to
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The post 5 Tips on The Right Time to Sell Your Stock appeared first on Voleo.
Do you know that feeling when you leave money in your jacket pocket, only to find it years later? The excitement and euphoria you experience because now you’re $10 richer than you thought? That’s exactly what compound interest is like. Unlike that crumpled tener in your pocket though, the phenomenon of compound interest can be
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The post Why You Should Start Investing Today: The Power of Compound Interest appeared first on Voleo.
If you were paying attention to the rise of Bitcoin in 2017, you might remember a huge influx of new investors buying the currency at extremely high prices. Bitcoin’s exponential growth from 6 cents in 2010 to $1000 at the start of 2017, and then 10x increase within one year, made the currency a very
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The post 4 Questions You Should Ask Yourself Before you Buy A Company’s Stock appeared first on Voleo.
It’s easy to become overwhelmed by the pessimism surrounding millenials and money. There are countless articles about how the younger generation in particular is struggling to become financially independent based on their spending and living habits. A few forecasted potential realities included lower marriage rates, higher student debt, and more young adults living at home
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The post 3 Easy Ways to Become Financially Independent appeared first on Voleo.
Stock Investing 101: The Basics For anyone unfamiliar with the stock market, the idea of investing can sound distressing, intimidating, and confusing at best. There are plenty of reasons you might feel like this, and you’re not alone! According to the NY Times, only ⅓ of millennials aged 22-37 currently hold stock and 80% of
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The post How to Get Started Investing in the Stock Market For Beginners appeared first on Voleo.
What is Financial Literacy? Financial literacy is the “acquisition and possession of relevant skills and knowledge that allow an individual to effectively manage their financial resources for lifetime security”. In other words, time spent gaining financial literacy increases one’s ability to make informed financial decisions, which results in a lifelong return of knowledge for future ventures
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The post Beginner’s Guide to Financial Literacy appeared first on Voleo.
If you’re not yet familiar with the concept of an Investment Club, check out this post. Investment clubs exist for mutual benefit; beyond the obvious lack of management fees, there are logical and emotional reasons as participants consider starting an investment club to utilize the collective knowledge to increase their wealth and status. If you’re
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The post Should you start an investment club? appeared first on Voleo.
And by “take,” we mean visit. ? And what a visit it was! Watching the Nasdaq market open is one of those life moments you know is not likely to repeat, but that you’ll always remember. For those of us enamored with the potential of the markets, Nasdaq represents exciting opportunity – especially with it
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The post VOLEO TAKES NASDAQ appeared first on Voleo.
The Voleo simulated equity trading competition gave students across the US a chance to develop and sharpen their investment skills. One such student researched his way to the top; Colin Summers was our top trader from the competition, and surprisingly, knew little about investing before beginning. Interested to learn more, we sent him a few
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The post Meet Voleo SimuTrader Pro, Colin Summers appeared first on Voleo.
Between December 31st and January 1st there’s plenty of talk about financial resolutions, but at eight days into the new year, how many have you already broken? Personally, I’ve already broken two… I had promised myself that I would work out everyday and cut sugar from my diet, and failed so far on both accounts.
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The post Setting Your 2018 Financial Goals appeared first on Voleo.
As 2017 comes to a close, we’re reminded of how many amazing experiences we got to enjoy over the year: launching the Voleo app across the US, meeting all the other amazing fintech startups at Plug and Plug in Silicon Valley, travelling to New York to present (and win!) at the Finovate conference in September,
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The post Looking Back at 2017 with Voleo Nasdaq Student Investors appeared first on Voleo.
For proving that stocks are cool. We finally have an answer to the age-old question, what do you buy for somebody who has everything?: a gift that keeps on giving. Over the holidays we saw a “what did Kanye give me for Christmas” style instagram story from Kim Kardashian featuring a small box of random items
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The post Thanks, Kanye. appeared first on Voleo.
After weeks of inspiring trading we are so pleased to announce our winning 3 investment clubs, top 2 individual traders, and top 25 clubs from the Voleo Nasdaq simulated equity trading competition! To all of our clubs, your efforts have been incredibly impressive, and with the gains you’ve all made, we hope to see you
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The post VOLEO NASDAQ COMPETITION WINNERS appeared first on Voleo.
With the holiday season getting into full swing, we’re reminded here at Voleo that this time of year is really about showing your loved ones you care. And being the future-planning types that we are, we believe that there’s one special gift that fits in everyone’s stocking, and every wallet’s budget; an investment. The beautiful
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The post Why Investing is the Right Gift for Your Hunny appeared first on Voleo.
Cryptocurrencies have been around for nearly a decade, with Bitcoin having been conceptualized during the 2008-09 financial crisis, and in that time the global (fringe) economy has taken a leap forward in how transactions are processed; without need for a central authority. An especially momentous year for crypto, 2017 saw Bitcoin break past the $1000
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The post Trade Cryptocurrencies on the Voleo SimuTrader App appeared first on Voleo.
Only a few days to go, investment club! Can you believe the competition is coming to a close?! Friday marks the final day. Make sure to get your last trades in, and be sure to BUY and SELL!! Congratulations to our top trader from week 8, Kole Akers of the Samford University – Brock School
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The post VOLEO NASDAQ: WEEK 8 WINNER & TOP 10 CLUBS appeared first on Voleo.
With the close of week 7 we are ever closer to crowning the top investment club of the Voleo Nasdaq simulated equity trading competition! Keep that hustle going clubs, December 8th marks its close. This week we find ourselves with a notable winner, Andy Huang who has helped lead his two investment clubs to greatness
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The post VOLEO NASDAQ: WEEK 7 WINNER & TOP 10 CLUBS appeared first on Voleo.
Uncertainty may be the theme of this week’s news round up, from the Federal Reserve’s potential new Chairman and his intentions for interest rates to the unpredictable future of Bitcoin that’s driving investors away from equities. So let’s jump in; here are five things moving the markets that you should know about this week: Replacing
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The post 5 Things Investors Should Know Right Now appeared first on Voleo.
Congratulations to our week 6 investment club winners! As Benjamin Graham, the father of value investing, once said, “the individual investor should act consistently as an investor and not as a speculator,” and these clubs get it. They’ve been actively and carefully trading, making strategic picks that have landed many of them in the top
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The post VOLEO NASDAQ: WEEK 6 WINNER & TOP 10 CLUBS appeared first on Voleo.
