Douugh

Editor's Review

Spot is your go-to app for flexible borrowing and seamless investing! 🤩 With Spot Jar, you can borrow up to $500* and repay in 4x weekly installments, giving you the freedom to manage your cash flow effortlessly. 💸

But wait, there's more! 🎉 With Stockback™, you get a bonus 4% Stockback™ on your first $100 Spot when it’s repaid on time and in full. It's like cashback, but better! 💰

Investing has never been easier! 📈 Spot allows you to invest in US Portfolios and Shares, all connected to Autopilot. You can auto-invest directly from your connected bank account, making wealth-building a breeze. 🏦

Our Portfolios are designed to suit your risk profile, with sustainable investment options managed by the experts at BlackRock, the world’s leading asset manager. 💼 Plus, our fees are simple and low! Diversified Portfolios are just $2.99/28 days (with an active balance over US$50), and Shares are $4.99/28 days for one or more trades ($0 if you don’t trade). 💲

Expand your investing strategy by buying US Stocks and ETFs. Invest in US companies & brands you know and love, with fractional shares starting from as little as US$1. And with Autopilot, you can easily auto-invest your money for the long-term. Just sit back, relax, and let Autopilot do the rest! 🧘

Need to brush up on your financial knowledge? 🤔 The Academy is your one-stop shop for all things investing. Read, watch, and learn your way to financial independence. 📚

Rest assured, your investments are protected up to US$500,000 under the Securities Investor Protection Corporation (SIPC) scheme. 🛡️ Our systems are designed with your protection in mind, using state-of-the-art data encryption and in-app biometric security for all your transactions. 🔒

Features

• Spot Jar: Flexible borrowing up to $500

• Stockback: Earn rewards on repayments

• Invest: US Portfolios and Shares

• Portfolios: Diversified, managed by BlackRock

• Shares: Invest in US Stocks and ETFs

• Auto-Invest: Automate your investments

• Academy: Learn about investing

• Security: Protected investments

• Fractional Shares: Invest from $1

• Sustainability: ESG scores available

Pros

• Flexible borrowing with Spot Jar

• Stockback rewards on Spot repayments

• Easy investing in US stocks

• Auto-invest with Autopilot

• Expertly managed portfolios by BlackRock

• Academy for financial education

• Investments protected up to $500,000

• State-of-the-art security measures

Cons

• Fees for diversified portfolios and share trades

• FX fees on AUD to USD conversions

• Investment risks involved

• General advice only, not personalized

• Past performance not indicative of future results