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Mafematica
Sydney, Australia
DIY investments: choices and probability-based outcomes: high-speed & low cost.
Founded in:
2015
Hiring:
Yes
Funding stage:
Seed
Funding type:
Angel Investors
International:
Yes
Looking for
Funding icon
Funding
Government grants icon
Government grants

Overview

Industry icon
Industry
Financial Services / FinTech, Retail, Fast Moving Consumer Goods (FMCG)
Business type icon
Business type
SaaS, Services
Stage icon
Stage
Early
Focus icon
Focus
B2B, B2C
Size icon
Size
6-10
Funding icon
Funding
$501K-$1M
The time is right for the Do-It-Yourself (DIY) investor. Mafematica is a SaaS fintech bringing direct to consumer investments to DIY retail investor (7,000,000 people, Deloitte) and SMSF sectors (1,200,000 people, ATO). It offers share packages and investment portfolios, easily visible and available with or without going through a broker or financial planner, together with a unique solution: probability-based forecasts of the outcomes (future values and cash flows) that a consumer can expect to get in 7 to 70 years time from the investments - think education funding plans, general savings or retirement like SMSFs. The time is ripe for a DIY solution and we provide services that no-one else, to our knowledge provides in one place. Mafematica provides investment choices, solutions and choice of brokers for the transaction. It uses a stochastic algorithm for the forecasts. (The algorithm takes into account stock market ups and downs and is extremely difficult to write in a real-time format). This is true DIY and fully in line with the consequences of the Royal Commission (into Banking) (RC). Mafematica's direct interfaces with existing accounting, banking & execution packages provide time savings and reporting efficiencies for users, with consequent significant cost savings. SMSF professionals say 'Mafematica is the only game in town doing this'. No investment management fees are charged: only a low subscription fee. 60% of 11.6m adult Australians hold investments outside their institutional superannuation: only 10% of Australians including SMSFs have an advisor, and with the RC driving advisors out of the market, the time is ripe for a DIY Solution. Mafematica has strong international potential. We have been selected to join the UK Australia Fintech Bridge delegation to go to the UK in September - October - one of only 10 Fintech's in Australia. We are not aware of anyone else doing this anywhere in the world at the retail level - it is an institutional service now brought to everyday people. Consequently we have international interest particularly from the UK and Canada.

Team

Skills needed:
BusinessDesign / UXMarketingProductTech

Jobs

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Clinical Psychologist / neuroscientist with an interest in UX
Mafematica

DIY investments: choices and probability-based outcomes: high-speed & low cost.

August 1, 2019

Sydney
Paid
Full-time, Part-time
Business, Design / UX, Marketing, Tech