Douugh launches app to help Aussies build long-term wealth on autopilot

Mark Taylor, Co-Founder and CPMO at Douugh

Douugh, the fintech firm dedicated to helping people take control of their finances, has launched a micro-investing app built for Australians to build long-term wealth on autopilot.

What is the market offering of Douugh?

Designed for wealth creators, not traders, Douugh helps establish an investment routine with its industry-first Autopilot feature. This removes the stressful aspects of investing by scheduling regular investments straight from your account, regardless of market timing.

Users can choose from six diversified portfolios, each tailored to their risk level, giving them almost instant exposure to a vast array of global companies and assets managed by market leader, BlackRock. For just $1, users can invest in their preferred portfolios or companies with the flexibility to invest as much, or as little, as they choose.

Whether you’re a beginner or expert, Douugh offers the lowest fees on the market with unlimited trading for just $2.99 per month. And a flat fee of $2.99 per month to invest in portfolios managed by BlackRock, delivering average returns of up to 9.04% p.a.

Why is Douugh a timely platform for Aussies?

Tom Culver, Head of Wealth at Douugh

“Everyone deserves financial security, regardless of their background or experience. Our Autopilot feature makes sophisticated investing solutions accessible, personal, and relevant for this generation of investors,” commented Tom Culver, Head of Wealth at Douugh.

Commenting on the platform, Mark Taylor, Co-Founder & CPMO at Douugh, said, “We created Douugh to democratise financial independence and simplify money management.”

“With rising interest rates and inflation, it’s crucial for Aussies to take control of their finances and grow their money over the long term. Our platform provides a seamless customer experience combined with education, helping Aussies get ahead financially.”

To support developing good money habits and increase financial literacy, Douugh provides regular updates and alerts to educate customers about key investing and wealth building principles such as compounding, diversification, asset allocation, and risk management.