The clippings file·2022
Sugar Wallet launched its investing app in New Zealand
Sugar Wallet launched an investing app aimed at New Zealanders who are struggling to get ahead. Dev Soni started it after finding his mother had been paying into a default KiwiSaver fund earning barely 1 percent a year, and built it with former Xero engineer Sophia Ritchie.
We backed Sugar Wallet because everyday savers want somewhere better than a low-interest bank account, and the alternatives have always been hard for ordinary people to buy, store and sell in small amounts. The app removes that friction with automated micro-saving that anyone can start from one dollar. The founder built a simple, honest product for a problem savers have everywhere, and demand for alternatives to cash savings has kept rising.