News and Announcements
Crowd Mobile to Launch First Financial Services Q&A App
- Published March 08, 2016 11:38AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
8th March 2016, ASX Announcement
Highlights:
- Crowd Mobile partners with leading investment management firm Peak Asset Management to launch a financial services Questions & Answer (Q&A) app using its Crowd Experts platform
- This is the first financial advice app in Australia to connect consumers with an expert
- The app will allow users to ask questions and obtain general investment advice from experts at Peak Asset Management for a small fee
- The Australian financial planning and advice industry is worth $5bn a year according to IBISWorld
- The financial services app marks Crowd Mobile’s first expansion into the professional services, as the Company looks to increase its income by diversifying its revenue base
Crowd Mobile Limited (ASX: CM8 & FWB-XETRA: CM3, Crowd Mobile, “the Company”) is pleased to announce that it has signed a Letter of Intent with leading Melbourne-based investment management firm Peak Asset Management (Peak), to launch a financial services Q&A app in April 2016.
The app will enable users to ask personal financial questions and seek general investment advice from experts at Peak for a small fee. It is anticipated that users will pay $9.99 to ask a question. Crowd Mobile will keep 25% of the revenue generated from the app while Peak will be paid the balance.
To read the full announcement, please click here.
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