Douugh

Editor's Review

Spot is your all-in-one financial solution, designed to give you the flexibility you need while helping you build long-term wealth! 💰

SPOT: Need a little extra cash? Spot Jar lets you borrow up to $500* and repay in 4x weekly installments. It's perfect for managing your cash flow and taking control of your spending. 💸

STOCKBACK: Why settle for cashback when you can get Stockback™? Earn a bonus 4% Stockback™ on your first $100 Spot when you repay on time and in full. It’s like getting rewarded for being responsible! 🎁

INVEST: Investing has never been easier! With Spot, you can invest in US Portfolios and Shares, all connected to Autopilot. Start building your wealth effortlessly. 📈

PORTFOLIOS: Invest as little as you like and diversify across assets, industries, and countries. Our portfolios are designed to suit your risk profile and offer sustainable investment options. Plus, they're managed by the experts at BlackRock! 🌍

SHARES: Expand your investment strategy by buying US Stocks and ETFs. Invest in the companies and brands you know and love, with fractional shares available from just US$1. 🍎

AUTO-INVEST WITH AUTOPILOT: Set it and forget it! Autopilot makes it easy to auto-invest your money for the long term. Just sit back, relax, and watch your investments grow. 🧘

ACADEMY: Level up your financial knowledge with our Academy! It's your one-stop shop for all things investing, with articles, videos, and more. 📚

SECURITY: Your investments are protected up to US$500,000 under the Securities Investor Protection Corporation (SIPC) scheme. We use state-of-the-art data encryption and in-app biometric security to keep your transactions safe. 🔒

Features

• Borrow up to $500 with Spot Jar

• Repay in 4x weekly installments

• Earn 4% Stockback™ on Spots

• Invest in US Portfolios and Shares

• Auto-invest with Autopilot

• Invest in fractional shares

• Access the Academy for financial education

• Sustainability focused investments

Pros

• Flexible borrowing up to $500

• Stockback™ rewards on Spot repayments

• Easy investing in US stocks and ETFs

• Auto-investing with Autopilot

• Managed portfolios by BlackRock

• Educational resources in the Academy

• Investments protected up to US$500,000

• State-of-the-art data encryption

Cons

• Fees for diversified portfolios

• Fees for share trades

• FX fees on AUD to USD

• Instant funding fees

• Investment involves risk of loss