Jitta, Thailand’s WealthTech startup offering portfolio management services to investors, has unveiled the innovative Jitta Card platform. This platform facilitates payment, savings, and investing using technology tailored for Micro Investment. It ensures that every expense generates savings and automatic investments.
The Jitta Card, a Virtual Visa Card in collaboration with Xendit, a Payment Gateway provider, can be used globally at Visa-affiliated stores. When users make purchases with the Jitta Card, a portion of the money is rounded up and stored in the savings wallet, providing cashback opportunities when shopping with partner platforms like Lazada, Shopee, Gowabi, Traveloka, and Line Man. The accumulated savings are then transferred to the user’s personalized investment fund, Jitta Wealth, where they can choose their preferred investment style – fostering consistent investment discipline.
Previously, financial technology products included:
Jitta: Stock Analysis, an equity analysis platform focusing on identifying value from a company’s financial records over the past 10 years to pinpoint undervalued companies suitable for Value Investing. Jitta’s technology analyzes financial data from 1 billion stock data sets and utilizes proprietary technology like Jitta Ranking to rank robust stocks that are priced below their intrinsic value.
Jitta Wealth: Automated Investment, a securities management company under Jitta WealthTech, assists Thai investors in managing their funds, particularly those lacking investment knowledge and time to manage their portfolios effectively. Leveraging technology as the core framework for fund management, starting from account creation, trading, portfolio adjustments, performance tracking, and fund deposits and withdrawals, Jitta Wealth employs the Jitta Ranking algorithm utilizing AI to select undervalued stocks for risk diversification, automated investment management, in both Thai and foreign stocks.
Jitta Wealth has delivered impressive returns, outperforming the index by nearly 40.83%, while the S&P 500 returned just 24.73%.
In addition, the Jitta Card Beta version is now available for testing, allowing users to sign up for early access to the Jitta Card.
TLDR: Jitta introduces the Jitta Card platform, combining payment, savings, and investing capabilities using cutting-edge technology for Micro Investments, alongside their stock analysis and automated investment services under Jitta WealthTech.
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