I've got a pitch for a new investment app with a strong team and idea looks decent. However my biggest concern is consumer stickiness.
Taking myself as an example, I've been a zerodha user for as long as I remember, kite & coin both. Even though I've been hearing good things about Groww, I don't feel like shifting my whole portfolio ( taking the headache associated with migrating & monitoring a new app) all for better UI.
So, would you guys, use a new investment app?
Only if strong reasons - for example if trading account low cost and better reliability. May be instead of making people switch - can it be targeted as a 2nd or 3rd investment account? E.g for long term investments, which one opens very rarely and has good monitoring/ alerts system (just an example ) Define your persona really well and make the product for them .
š¤£ are we talking to each other since this platform is anonymous. But nah, it's very long term only focused. Nothing for trading
Didnāt get your first line .. anyway if your reference is to the question mark .. it is just mentioned so that you can think on it.. not looking for answers š
What will be your biggest MOAT... Have you tried Fold.money good UI...shitty UX
Fold doesn't have any of my banks, but do they also fetch investments? Its based on account aggregators
Yes fold relies on AA to fetch your data...and yes users can soon be able to see their investments
There should be a strong āreasonā to switch and it shouldnāt ideally be lower cost . You need to identify problems with current solutions and provide better alternatives.
I'm not building it, I've got an inbound for an angel cheque, the differentiatot is not cost. It's about user behaviour
Hmm check for the probability of their user behaviour hypothesis of working. If you share more details about it then we can share whether that will make us shift to a new app. As such zerodha is fine for now.
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Apps / Websites that you use for trading stocks , mutual funds, us stocks , fds, bonds and more.
