Sharesies Limited - Company Research Report

Company Overview

• Name: Sharesies Limited

• Mission: Sharesies aims to empower individuals by creating financial empowerment for everyone. Their vision is to be at the heart of wealth for every person, family, and business.

• Founding: No specific founding date provided.

• Founders:

• Ben Crotty

• Brooke Roberts

• Leighton Roberts

• Martyn Smith

• Richard Clark

• Sonya Williams

• Key People:

• Alison Gerry - Director and Chair of the Board

• Brooke Roberts - Co-founder, Director, and 3EO

• Leighton Roberts - Co-founder, Director, and 3EO

• Martyn Smith - Co-founder, Technical Director

• Richard Clark - Co-founder, Technical Director

• Sonya Williams - Co-founder, Director, and 3EO

• Jon Macdonald - Director

• Headquarters: Sharesies is based in Wellington (Te Whanganui-a-Tara) and Auckland (Tāmaki Makaurau), New Zealand, with a presence in Sydney, Australia (Gadigal land).

• Number of Employees: No information is available.

• Revenue: No information is available.

• Known For: Sharesies is renowned as a wealth development platform aimed at breaking down the barriers to investing, hence creating opportunities for individuals to develop their wealth across New Zealand and Australia.

Products

• Investment Platform:

• Description: Sharesies offers a digital platform for investing in NZ, US, and Australian markets with no minimum investment, focusing on accessibility and empowering users with financial autonomy.

• Key Features:

• No minimum investment requirements

• Access to multiple share markets (NZ, US, Australian)

• Advanced investment features

• KiwiSaver Scheme:

• Description: The Sharesies KiwiSaver Scheme allows users to build a tailored KiwiSaver portfolio aligned with personal values and investment goals.

• Key Features:

• Nearly 100 NZX-listed companies and ETFs available for portfolio development

• Savings Account:

• Description: Offers competitive rates and flexible savings options with no terms and no minimums via Sharesies PIE Save or Save.

• Key Features:

• Competitive interest rates

• No limits on saving amounts

• Kids Accounts:

• Description: Designed to initiate financial education for children by allowing them to start their investment journey.

• Key Features:

• Educational tools for young investors

• Portfolio development opportunities for children

Recent Developments

• Acquisition:

• In April 2024, Sharesies completed the acquisition of Orchestra Limited, marking their first corporate acquisition.

• Product Enhancements:

• In June 2024, launched AI Search, an AI-powered tool for discovering investments and gaining market insights.

• In October 2024, introduced the "One-off Buy" feature for auto-investment orders.

• In January 2024, enabled annual payments for pricing plans for users desiring cost-efficient, simplified fee management.

• New Product:

• October 2023 saw the rollout of over half a million investors across New Zealand and Australia using Sharesies' platform, showcasing its growing influence and reach in financial empowerment and investment accessibility.

• Sustainability:

• Sharesies is committed to maintaining carbon neutrality by offsetting its carbon footprint through certified carbon credits supporting reforestation projects across Aotearoa and the Pacific Islands.

• Social Impact:

• As a certified B Corp, Sharesies aligns their business operations with broader goals for social and environmental sustainability.

Partnerships and Collaborations

• No new partnerships explicitly detailed.

This report provides detailed insight into Sharesies Limited, focusing on its investments in accessibility within the financial sector and its strategic developments towards a sustainable and innovative future.