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Mafematica
Sydney, Australia
DIY investments and outcomes delivered in a new way to help you get richer.
Founded in:
2015
Hiring:
Yes
Funding stage:
Seed
Funding type:
Angel Investors
International:
Yes
Looking for
Funding icon
Funding
Government grants icon
Government grants

Overview

Industry icon
Industry
Financial Services / FinTech, Retail, Fast Moving Consumer Goods (FMCG)
Business type icon
Business type
SaaS, Services
Stage icon
Stage
Early
Focus icon
Focus
B2B, B2C
Size icon
Size
6-10
Funding icon
Funding
$501K-$1M
The time is right for Do-It-Yourself (DIY) investments with a difference - forecasting for savings, children's education funding or retirement. Mafematica is a SaaS fintech focused on the DIY retail investor (7,000,000 people, Deloitte) and SMSF sectors (1,200,000 people, ATO). It offers share packages and investment portfolios, easily visible and available with or without going through a broker or financial planner. The time is ripe for a DIY solution and we provide services that no-one else, to our knowledge provides in one place. Uniquely, Mafematica can optionally link investment portfolios to a stochastic algorithm that forecasts the outcomes for education funding, savings or retirement plans. (The algorithm takes into account stock market ups and downs and is extremely difficult to write in a real-time format). Mafematica provides investment choices, solutions and choice of brokers for the transaction. This is true DIY and fully in line with the consequences of the Royal Commission (into Banking) (RC). Mafematica's direct interfaces with existing accounting, banking & execution packages provide time savings and reporting efficiencies for users, with consequent significant cost savings. SMSF professionals say 'Mafematica is the only game in town doing this'. Uniquely, no investment management fees are charged: only a low subscription fee. 60% of 11.6m Australians hold investments outside their institutional superannuation: only 10% of Australians including SMSFs have an advisor, and with the RC driving advisors out of the market, the time is ripe for a DIY Solution. Mafematica has strong international potential. We are not aware of anyone else doing this anywhere in the world at the retail level - it is an institutional service now brought to everyday people. Consequently we have international interest particularly from the UK and Canada.

Team

Skills needed:
Design / UXTech

Jobs

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Clinical Psychologist / neuroscientist with an interest in UX
Mafematica

DIY investments and outcomes delivered in a new way to help you get richer.

August 1, 2019

Sydney
Paid
Full-time, Part-time
Business, Design / UX, Marketing, Tech

Activity