Everything you need to know about the Moniflo app: From A to Z

If this is the first time you've come across our blog, you probably have a lot of questions. What are funds? What are investment funds? How do they work? And most importantly... what is Moniflo?

Look no further, for we have all the answers to all of your questions! Well, at least about Moniflo.

I. What is Moniflo?

Simply put, Moniflo is an investing platform in the form of an app which you can download from both Google and Apple store. The app is designed to make investing accessible to everyone, regardless of whether they are a beginner or pro investor. Moniflo works on the basis of the first 16 out of the 17 United Nations Sustainable Development Goals (UN SDGs) and allows you to invest according to your values.

It also speaks four languages – English, German, French and Luxembourgish!

There are a great number of investment types out there, ranging from bonds, to property, to exchange-traded funds and so on. Moniflo works with mutual funds. 

1. What are mutual funds and how do they work?

If you want to know more about funds in general, we have a blog post dedicated to explaining 'What are funds?. Simply put, funds are financial instruments allowing investors to invest in multiple different assets at the same time. Mutual funds provide the same system with the added benefit of having the funds be managed by a professional. This way, you get an already structured portfolio which fulfils the prospectus (basically, key information about the fund – strategy, goals, historical performance etc.) of the mutual fund.

2. Why mutual funds?

Because funds comprise a variety of assets, it is easier to diversify investments, which means lower risk of losing money. This, paired with having the funds be managed by a professional, allows beginner and mid-level investors to invest with more ease. So, in other words, we use mutual funds because they make investment accessible to all. But does making investment accessible to all mean that everyone can invest?

3. Who can use our Moniflo app?

Moniflo is a Luxembourg-based platform. We are growing every day, and our goal is to make investment accessible and affordable to all, no matter their ‘investment literacy’ level or where they are located. That being said, we are currently fully operating in the German and Luxembourgish markets. However, this does not mean that the app is only available to Luxembourgish and German citizens. Any natural person who is a citizen and resident of one of these 30 countries can make use of the services. Additionally, you have to be of legal age to benefit from our services.

II. How does Moniflo work?

So, we work with the UN SDGs, and we provide you with the tools and knowledge to make value-based decisions when you invest. But how exactly does that work? Easy, exclusion filters. Perhaps your religious or moral convictions do not allow you to invest in funds related to alcohol, tobacco, or gambling. Maybe you want to avoid all types of traditional fuels. When using Moniflo, you can discard practices you consider unethical or harmful.

We also evaluate the impact score of funds through our fund ‘overall score’', which is calculated based on the impact score of each and every one of the organisations or sub-funds that our mutual funds invest in. To measure such impact, we work together with Clarity AI (sustainable data provider) through metrics which reflect the positive value to society and environment that a company is producing through their products or operations.

III. How much does it cost to invest with Moniflo?

Generally, when you invest, you come across different types of fees. When investing with Moniflo, you will not be charged with transaction costs, broker costs, custodian fees or surcharge and redemption costs. Plus, our wallet fees have fixed recharge fees which depend on the transaction amount, and a fixed withdrawal fee of 5€ for any amount. 

To find out the more about fees, you can read about them in our Costs and Fees section. We also prepared a cost simulation to better illustrate how the fees work.

IV. Compound Interest

With Moniflo, you also earn compound interest. For that, we set up an easy to use compound interest calculator where you can see what your final capital will be depending on how much and how often you invest, for how long, your initial capital and annual return. For other questions relating to how you can access our services, open and operate an account, and potential issues, you can check out our Frequently Asked Questions page.

If investing with impact is your thing, then you are in the right place. The best part about it is that you don’t have to be an expert to start making a change. We set up four basic starting points for you in our "Get started with investing", blog to help you kickstart your investing career.

Download our app and make your money count!