FINANCIAL TECHNOLOGY PIONEER FINTRON LAUNCHES VERSION 2.0 OF ITS EDUCATIONAL INVESTMENT APP FOR THE FIRST GENERATION MOBILE

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FinTron 2.0 Delivers New Rewards Engine, Expanded Education Capabilities, and Greater Functionality

STAMFORD, Conn., September 29, 2022 /PRNewswire/ — FinTron, Inc., a fast-growing fintech company that uniquely promotes financial literacy and freedom for millennials and Gen Z, introduces FinTron 2.0, an enhanced version of its education-based solution, commission-free brokerage application. Highlights of FinTron 2.0 include a new rewards engine to incentivize users to learn personal finance and adopt healthy financial habits; an expanded educational portal; and greater overall functionality.

“FinTron 2.0 is a game changer,” said Wilder Rumpf, Founder and CEO of FinTron. “The upgraded features represent everything our team envisioned when we committed to inspiring and helping our digital generation take charge of their personal finances. mobile and free to hundreds of interactive content modules curated by finance professionals.. Not only do we provide contextual education that can improve results, we now reward our clients for their effort and dedication to learning. »

As the average FinTron employee is 25 years old, he is one with his target audience of Gen Y/Z users. Rumpf, 26, founded the company in 2017, which in 2019 became one of the youngest companies to register as a broker (FinTron Invest LLC) with the Securities and Exchange Commission (SEC) and to become a member of the Financial Industry Regulatory Authority (FINRA). It has since created a nationwide digital footprint serving customers across the United States in all 53 states and territories. In 2021 alone, it acquired nearly 12,000 new users and grew its workforce by more than 300%.

The development of FinTron 2.0 has been fueled by the company’s latest Series A funding round, for which Rumpf is extremely grateful. Funding was secured in April 2022 for $6.5 millionwhich brought the company’s total venture capital to almost $10 million. The main donors are AUA Capital Management (Family Office of Goya Foods); the Connecticut State venture capital arm, Connecticut Innovations; Webster Bank; and Sage Venture Partners whose founder, Fred Warrenwas one of Apple Computer’s Series A investors and was named a “Venture Capital Pioneer” by the Wharton School (of business) in University of Pennsylvania.

“We think of ourselves as altruistic capitalists,” Rumpf said. “We have a dual mission: the first is to improve the financial literacy of our generation – because we strongly believe that financial education is the key to making wise decisions and succeeding in life in the long term; and the second is to make investing accessible to everyone by reducing its costs and simplifying its practices. FinTron 2.0 makes personal finance easy and affordable – and fun – for most people of all ages and incomes. We believe that it will help bring financial inclusiveness to our generation.

Highlights of FinTron 2.0

Investment characteristics

  • Over 2,000 commission-free fractional stocks and exchange-traded funds (ETFs), allowing investors to buy into big-name companies like Amazon and Apple for as little as $5/share instead of paying the full share price which can be much more $1,000.
  • Automated tools (deposit; budgeting; repeat investment)

Incentive Rewards (*New with FinTron 2.0)

  • Rewards Center to encourage users to set and achieve budgeting and deposit goals
  • Redeem points (for example, by completing training modules or meeting budgeting and deposit goals) to earn gift cards from popular brands like Apple, Airbnb and Delta Airlines

Education

  • FinTronU, a free educational portal, offering nearly 1,000 modules on dozens of financial topics such as investing, savings, taxes, retirement and credit cards
  • Simulated trading game allowing users to learn and practice investing with simulated money

Philanthropy

  • FinTron has pledged to dedicate 5% of its after-tax profits to creating financial education programs for high schools, colleges and universities across the United States.
  • The FinTron team, through FinTronU, has voluntarily delivered financial education and entrepreneurship programs to thousands of American high school and college students across the country.

“For decades, investing was way too complicated and only accessible to the wealthy,” Rumpf said. “With FinTron 2.0, we are proud to balance the scales by helping our generation become financially confident and savvy investors.”

About FinTron, Inc.

FinTron, Inc. is a financial technology company dedicated to advancing financial freedom for first-generation mobile. Through its subsidiary FinTron Invest, the company offers an affordable, commission-free education-based brokerage platform. Through FinTronU, the company’s educational arm, the company helps Gen Y/Z users take charge of their personal finances through interactive education (including a simulated trading game) and philanthropic donation programs . The Company’s broker, FinTron Invest LLC, is registered with the Securities and Exchange Commission (SEC) and a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). For more information, visit www.fintroninvest.com.

MEDIA CONTACT:
Rachel Leung
[email protected]
203-253-0683

SOURCE FinTron, Inc.

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