Former Sunrise co-host, Chairman at Pinstripe Media & ausbiz
"You know I’m passionate about and teaching kids about money and investing So I’m always looking for great ideas on how to achieve this. This week, I came across new Aussie app, Drip Invest"
... This week, I came across a new Aussie app, Drip Invest, that teaches kids under 18 about investing using real money, but under the supervision of parents. It’s designed to help under-18s build healthy financial habits and literacy using real investments"
Drip is an app to learn to invest and build long-term wealth. It is currently in Beta.
We offer interactive learning experiences, minor accounts for under 18s with parental controls, 15 investment options with unlimited transactions, and a minimum of only $5 to start.
Yes, Drip is a safe and legitimate micro investing app!
Drip Invest is part of Betterlabs Ventures, who is an authorised representative of Cache Investment Management Ltd (ACN 624 306 430, AFSL 514 360).
It uses encryption protocols to ensure your information is fully protected and it has robust processes against fraudulent and criminal activity. We are continuously monitoring for unusual or suspicious activities.
Also, as a parent, you can turn off the access to investment options at any time and set up limits for how much your teen can Drip.
All investments carry risk.
Drip is an initiative of BetterLabs Ventures, a $23m Venture Fund operating out of Western Australia.
BetterLabs has supported many startups in the fintech and education space, such as WeMoney and IDEA Academy. We have a team of professionals in finance, education and innovation.
Drip is licensed in Australia as a representative of Cache Investment Management. We offer investment options from the Cache Multi-Class Investment Fund, issued by K2 Asset Management.
It is an Australian legal requirement to be 18 years or over to make investments, so the parent/legal guardian is the one with the control over the investments.
Teens can research investment options and make suggestions, and the parents approve or reject them, having the final say in the investment decisions.
Parents have the option to setup a Minor or an Adult Account, depending on who they want the ultimate beneficiary of the investment to be.
At Drip, we understand the importance of affordability and education. This is why Drip was designed to make micro-investing more accessible and encourage learning.
Learning plans:
Drip <18:
Drip has been designed to be an educational hands-on experience and, for a limited time only, we are offering the educational plan for your under 18s for just $6.99/month ($14.99/month in the future). As a parent, you and your child can try Drip<18 for free for the first 4 weeks trial. This will give your child access to their own app and all of our learning features.
For more information, please view our Pricing here, read our Term & Conditions and Schedule of Fees and Promotional Deals.
Adult Only:
There is no monthly fee for an Adult Only account. Adult Only accounts do not have child app access included and have limited features, but maintain access to the 15 investment Options via the adult app.
💹 Financial product:
Our investment product charges just 0.8% pa on investment accounts - equal to just $8 per year (or 66c per month) on a $1k balance, which is less than the cost of one trade at many brokers.
For small balances, share trading platforms may not work well, as brokerage and other fees can end up higher, and they often have minimum trade sizes and fees.
Drip offers a smart way to invest small amounts in carefully selected ETFs without having to worry about saving big lumps of money or paying fixed transaction fees.
Additional costs, such as the management fee charged by the ETF manager, apply. For more information on the investment options, please read the PDS and TMD.
Drip offers a smart way to invest small amounts in carefully selected ETFs without having to worry about saving big lumps of money or paying fixed transaction fees, such as brokerage.
Our fees are charged as a percentage of the value invested, allowing to maximise the learning by diversifying your portfolio.
Please consider your personal circumstances and read our Product Disclosure Statement for more information. All investments carry risk.
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Monday - Friday, 9am - 5pm AWST