Pynk is many things to many people, but first and foremost we are a regulated wealth management app for everyday investors. More than that though, we are a place where everyday people the world over can work together to make better investment decisions. If you're new to Pynk, then read on to find out more!
You can start investing from as little as £10. When our portfolio opens to investors you will be able to invest as and when you like. In future, we'll add features allowing you to either invest a regular monthly amount automatically, round up your purchases or just what you can afford, when you can afford it.
You can start investing up to a maximum of GBP £20,000 fee-free (as long as you predict regularly). There's no limit to how much you can invest, but over £20,000 you'll pay our standard fees.
As with any managed portfolio, the amount of interest you will earn is based on the performance of the underlying assets. Rest assured, the Pynk Crowd Wisdom system is working as hard as possible to generate the best possible outcomes for you. That being said, as is the case with any investment, your capital is at risk. The value of your portfolio can go down as well as up and you may get back less than you invest. Tax treatments depend on individual circumstances and where you pay tax and may be subject to change in the future. If you're unsure, please seek financial advice.
Pynk offers its investment services as an appointed representative of Risksave Limited, a Financial Conduct Authority (FCA) regulated entity in the UK. Our investment activity is to be monitored and controlled according to FCA regulations, meaning you can be sure your money is treated with the utmost of care.
At launch, we cannot accept investment monies from the USA - due to regulatory restrictions in that jurisdiction. That said, we are planning to expand to the USA in the longer term.
We are working hard to make investing with us possible and will be launching our wallet later this year. For the time being please sign up to our waitlist
You can sign up and join the queue in the investor waitlist section of the Pynk website. You will be added to the end of the queue. Want access even sooner? Move up 1,000 spots for every person that joins the waitlist using your referral link, which can be found on the same page and shared across all your social media, email, websites or blogs - and anywhere else you can think of!
Simply use your unique referral code, you will find this code in the investor waitlist section of the app. This referral can be shared across all your social media pages, your blog or website, by email and a number of other ways. We'd ask that you invite only people who have an intention of investing.
Tens of thousands! You can find up to date information on the exact amount from the investor waitlist section in the app.
You move up 1,000 spots for every person you invite to the investor waitlist. So make sure you use your unique user referral code which can be obtained from the investor waitlist section of our website.
Payment will be made to Pynk via card or by bank transfer to Pynk. The funds will leave your account in its native currency and exchanged into £GBP automatically. Exchange rate will vary depending on the country and currency conversion rates.
Details of which cards can be used are TBC. Please check back later.
Sorry, unfortunately, you cannot invest with any form of digital currency for now. We are working on this for future releases.
Yes, certainly. If you'd like to set up a small (or large 😃) recurring payment via direct debit, we will be launching this feature for the many UK and European investors. Standing orders will not be possible at this point.
We do not currently offer a 'rounding up' service (where you can automatically invest your change on purchases by rounding up to the nearest Pound, Euro, Dollar or whatever your currency) but it is very much on our agenda, we are working on it!
The Pynk managed investment portfolio will open Q4 2020.
At launch, we will be able to accept investment from residents of the UK and Europe. We are opening up to the rest of the world shortly afterwards.
The minimum investment age is 18.
To qualify for 0% fee investing, you must first become an 'active Pynkster' by making one price prediction per week. Non-active Pynksters are charged 1.44% annual fee.
ESG investing is a core pillar of the Pynk mission, so we can make investing better together. We are committed to funnelling as much of our managed assets into ESG projects as possible, through the power of Crowd Wisdom. We have many ESG-focused additions coming to the platform, giving you transparency as well as feedback on the ESG performance of all kinds of investments. As a Crowd member, you'll be able to influence the ESG policy of Pynk. And in later releases, you'll be able to shape your portfolio according to your ESG preferences.
In our future product pipeline is the ability to remove certain asset classes from your investment portfolio, or invest more heavily into those you like. That means you will have transparency and control over where your money is invested.
At the end of each Wisdom Point exchange cycle, you can either exchange your earned WP's for monetary value in the managed investment portfolio - or you can donate that value to planting trees (coming soon with more good causes to follow, shaped by the Crowd).