Start-up Xvestor goes live

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

After two years of development, the Xvestor app has been launched, 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 being launched. The app is designed 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 from conflicts of interest. "A real challenge to commission-based advice, which accounts for more than 99 percent of the German market," says Schön.

Xvestor customers should only receive advice on sustainable financial products. "Sustainability should have a positive impact on your returns," says the start-up. According to the company, the platform's cloud is also powered 100 percent by green electricity.