Start-up Xvestor goes live

The company has developed an app for sustainable financial advice, entirely without investor money. Now it is on the market.

After a two-year development, the app Xvestor goes live, as co-founder Thomas Schön announced on Linkedin announced. According to the founders Schön and Christian Doppstadt, they have not yet received any investor money for their start-up. When presenting their idea, they were often confronted with the sentence "You'll never make it".

Now the financial advice app is launching. The app aims to combine personal advice with technology. The advice is to be billed on a fee basis and without percentage fees. This ensures that the advice is free of conflicts of interest. "This is a real challenge to commission-based consulting, which accounts for more than 99 percent of the German market," says Schön.

Xvestor's customers are to be advised exclusively on sustainable financial products. "Sustainability should have a positive effect on your returns," the start-up says in this regard. According to the company, the platform's cloud is also powered 100 percent by green electricity.